623 68 AVE SW new Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2V 0N1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1864.2
Square Footage 1,864 sqft
Price per Sqft $633
Subdivision Kingsland
MLS Listing ID A2269015
Style Bungalow
Bedrooms 8
Full Baths 4
Year Built 1960
Lot Size 6,098 Sqft
Property Sub-Type Detached
Property Description
Open house 1 pm-3 pm Sunday Nov 09, 2025. Build your generational wealth with an entry into multifamily ownership. For the price of a house or half-duplex, own an upgraded M-C1-zoned fourplex in highly sought-after Kingsland—turnkey and perfectly located. Steps from Chinook Centre, parks, and major transit routes, the property was rebuilt in 2019 from the concrete frame out. Each spacious 938-sq-ft, 2-bedroom unit features modern finishes, granite countertops, new appliances, energy-efficient windows, in-suite laundry, private entrances, separate meters, and storage. Lower units offer walkout access to the backyard, and tenants enjoy ample parking. Due to their high returns, 4plexes rarely come up for sale. Rental income for 2024 was $63,220 after discounts for long-term tenants, with potential to optimize to $84,000 ($1,850 upper, $1,650 lower) plus future increases. Because housing is essential, multifamily rentals provide one of the most recession-resistant income streams—offering stability that jobs and most businesses can't. Live in 1 unit and rent the other 3, or rent all 4 to maximize income. Rental income counts toward mortgage qualification, making it easier to secure financing. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. The current owner retired several years ago and is moving on to large projects—creating a rare opportunity to acquire a proven, low-maintenance, income-generating asset with no vacancy or insurance-claim history. City-assessed at $1,290,000. Call today to secure this exceptional investment property.
Location
Province AB
County Cal Zone S
Community Shopping Nearby
Zoning M-C1
Rooms
Basement None
Interior
Interior Features No Animal Home
Heating Forced Air,Natural Gas
Cooling None
Flooring Laminate
Inclusions no
Laundry In Unit
Exterior
Exterior Feature Storage
Parking Features Additional Parking,Converted Garage
Garage Spaces 2.0
Fence Fenced
Community Features Shopping Nearby
Roof Type Asphalt Shingle
Building
Lot Description Back Yard
Dwelling Type House
Story One
Foundation Poured Concrete
New Construction No