623 68 Avenue SW, Calgary Calgary, AB, T2V 0N1
Listing Price
$956,000
house
8 beds
4 baths
1864.2 sqft
Property Details
Property Type
house
Year Built
1960
Parking Spaces
4
Heating
FORA, NGAS
Cooling
NONE
Lot Size
0.14 sqft
Basement
NONE
Construction
WDFRM
Roof
RFASP
Foundation
FOCON
Zoning
M-C1
Subdivision
113
MLS Number
A2269015
Listed Date
May 16, 2026
Days on Market
32
Description
All offer will be presented 9pm Sunday Dec 7. 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.
Features & Amenities
Appliances
DISHESTVREFRWDR
Interior
NAMH
Exterior
STOR
Architectural Style
BUNG
Location
623 68 Avenue SW, Calgary, AB, T2V 0N1
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