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Bowness - NW Calgary Real Estate


The Bowness community is bordered by Stoney Trail W to the west, the Bow River to the east, the Trans Canada Highway to the south and the Bow River again to the north. The community was founded in 1963, is currently undergoing redevelopment, and by 2012 had a population of just over 11k persons residing in 5,300+ residences. Prices of these residences range from $200,000 to over $2M.

Transit
Bus route 1 services the Bowness community.

Parks & Recreation
This community is fortunate to have within its borders Bowness Park, located on the Bow River. Though closed for repairs due to flooding the park is wonderful and offers cross-country skiing, fire pits, picnic areas, Bow River access, water fountains, washrooms, shelters, a playground and hiking/walking paths.

More testament to the well-rounded nature of this community is the location of the West Bowness Shopping Centre right within the community borders. It features a variety of shops, eateries and service providers.

Schools
● Belvedere Parkway Elementary
● Thomas B. Riley Junior High
● Bowness High

Houses of Worship
● Foothills United
● Foothills Mennonite
● Varsity Acres


Bowness - NW Calgary MLS® System Listings



4524 75 ST NW - MLS® # C4303199

4524 75 ST NW - MLS® # C4303199
  • Property Value $1,150,000
  • Living Area 6,912 sq ft.
  • Type Multi Family (Commercial)
  • Year Built 1972

Description

MAJOR PRICE REDUCTION of $445,000. . . . $151,000 LESS THAN ASSESSMENT. . . . .7 UNIT TOWNHOUSE COMPLEX strata titled with 7 individual titles. Record LOW interest rates. UPSIDE TO RISING RENTS. Unit 1 rented for $1.050/month. Now asking $1,195/mo for unit 4. All units are 2 bedrooms, 2 level, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Low expenses as no common areas. Always full as affordable rents. Current rent roll is $6,685/month or $80,220 annually. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783, CAP RATE 5.4% with 3% vacancy and 3% maintenance. PERFECT FOR AN INVESTOR. Major developments including Greenwich and Real Canadian Superstore. 1/2 block to newly purposed Bowness High School with its elite athletes program. MAJOR upgrades to Bowness, Beaumont and Shouldice PARKS. Close to FOOTHILLS HOSPITAL and the ALBERTA CHILDRENS' HOSPITAL. Large lot. QUICK CLOSING for an ASTUTE INVESTOR.

4524 75 ST NW, Calgary

Listing Provided By

RE/MAX REAL ESTATE (CENTRAL)

Last Updated

2020-10-21 00:15

Send us your questions about this property and we'll get back to you right away.

  • Security Code
4524 75 ST NW - MLS® # C4303199

Additional Property Photos

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** The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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