A rare opportunity to own a tenanted 4-plex in one of Calgary's most established inner-city communities. Tucked on a quiet street in Cambrian Heights, this property backs onto the kind of location investors watch for and rarely see come available: a short walk to Confederation Park's pathways, golf course, and cross-country ski trails, with quick access to SAIT, the University of Calgary, North Hill shopping centre, and downtown via 14th Street or 10th Street NW. Cambrian Heights is a well-established family-friendly neighbourhood, with schools, parks (Cambrian Heights Park, Cambrian Heights Lookout, Cambrian Heights Off-Leash Dog Park) and public transit right off Northmount Drive.
The building holds four self-contained units: 3 occupied two-bedroom, one-bathroom suites with great, long-term tenants (on month-to-month leases) who've expressed interest in staying + 1 vacant one-bedroom, one-bathroom unit (newly renovated) ready for a new tenant or an owner-occupier who wants to live in one unit while the other three help cover the mortgage. Laundry is shared and four parking stalls are set at the rear of the building.
Two of the four units have already been renovated, giving a new owner immediate rental appeal in half the building while leaving room to add value by updating the remaining two on your own timeline. Key capital items have been well maintained. Each unit has their own hot water tanks and high-efficiency furnaces replaced within the last three to five years. The stucco exterior was redone in 2013 and the roof was last replaced roughly 15 years ago. The building sits on a concrete foundation with wood-frame construction. Lot size is 55x100 with M-C1 zoning.
Whether you're an investor looking to add a stabilized, cash-flowing asset to your portfolio, renovate and add value, or a buyer looking to live in one unit while tenants cover the rest, this property offers a strong combination of location, condition, and upside. Properties like this with good bones, good tenants, and a genuinely quiet inner-city address, tend to become the kind of asset families hold onto and pass down. Book your showing TODAY (tenants require 24-hour notice for showings).
Address
126 Cumberland Drive NW
List Price
$1,050,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
2 Storey Split
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Cambrian Heights
Floor Area
1,868 Sq. Ft.
Lot Size
5500 Sq. Ft.
Year Built
1958
MLS® Number
A2342421
Listing Brokerage
RE/MAX Real Estate (Mountain View)
Postal Code
T2K 1T1
Zoning
M-C1
Site Influences
Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Rectangular Lot