196 Gordon Drive SW, Calgary, Alberta, T3E 3W6

196 Gordon Drive SW, Calgary, Alberta, T3E 3W6

$1,250,000
$1,250,000

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A2322917
MLS Number

2514.13
sqft

0.17
Lot sqft

1968
Year Built

Property Description

A rare opportunity to acquire a purpose-built 4plex in the established community of Glamorgan, sitting on a 7,490 sq ft M-C1 zoned lot. The building features two upper-level 3-bedroom, 1-bathroom units and two lower-level 2-bedroom, 1-bathroom units, all four fully tenanted and generating combined gross rent of $6,500/month ($78,000/year). Every unit has its own dedicated laundry and is individually metered for electricity, water, and gas, meaning tenants handle their own utilities entirely with no landlord involvement required. All four units are also equipped with high-efficiency furnaces and newer hot water tanks, reducing near-term capital expenditure risk on a building where mechanical replacements multiply across units. The M-C1 zoning adds long-term upside with flexibility for future redevelopment, while the Glamorgan location offers convenient access to Mount Royal University, Westhills/Signal Hill retail, and major routes including Glenmore Trail and Sarcee Trail. A turnkey, low-hassle income property for investors seeking stable cash flow with minimal day-to-day management.