AB > Calgary > Kingsland
Calgary, AB T2V 0N1,623 68 AVE SW
Calgary, AB T2V 0N1,623 68 AVE SW
Calgary, AB T2V 0N1,623 68 AVE SW
Calgary, AB T2V 0N1,623 68 AVE SW
Calgary, AB T2V 0N1,623 68 AVE SW
Calgary, AB T2V 0N1,623 68 AVE SW
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Hani Shihab

Hani Shihab

+1(403) 992-4264
$ 1,180,000
Est. payment | /mo

8 Beds

4 Baths

1,864 SqFt

Save
$ 1,180,000
Est. payment | /mo
Save

8 Beds

4 Baths

1,864 SqFt

Open House

Sun Nov 09, 1:00pm - 3:00pm

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

Listed by Datong Property Management Ltd.
Hani Shihab

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 992-4264

info@hanishihab.com

3009 23 ST NE, Calgary, AB, T2E, CAN

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623 68 AVE SW