The present use of the building as a 4 suite rental is illegal and not in compliance with current City of Calgary codes. Based on a secondary suite inspection and report by a private consultant, the professional trades estimates for labour and materials required to legalize the suites total approximately $15,000. Inspection by the city would still be required and is no charge until June 1, 2020. Unit 1 is vacant and is a studio suite with a murphy bed. It could easily be converted to a 1 bedroom suite with 2 baths by simply installing a door. Air BnB possibilities could generate $70 - $90 per night per suite. Units 2, 3 & 4 are one bedroom units, rented for $800, $800 and $750 (all suites are 10%-15% below market rates). The landlord pays utilities of $540/month on a budget plan. Three suites are heated with modern electric wall furnaces, one with a natural gas furnace. There is a coin operated laundry (generates approx $100/month), storage facilities for tenant use, off street parking stalls for 4 vehicles plus a single garage. There is also a separate wired workshop with a sink and sky lights at rear of building.
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Listing information last updated on February 20th, 2020 at 7:00am MST.