405 1 Avenue NE Old Town, Airdrie, Alberta, CA

Address: 405 1 Avenue NE, Airdrie, Alberta

4 Beds2 Baths917 sqftStatus: Buy
Price $525,000

Property Overview


This charming property in central Airdrie offers an exceptional investment opportunity with its expansive lot size, prime location, and potential for dual rental incomes. With recent updates enhancing its appeal, it's an ideal choice for both first-time homebuyers looking to offset their mortgage expenses and investors seeking lucrative rental opportunities.Located in The Village, one of Airdrie's most coveted communities, this property offers a blend of historical charm and modern convenience. Characterized by Airdrie's oldest heritage homes alongside many new builds, The Village presents a diverse architectural landscape. Notably, its prime location ensures quick access to Deerfoot Trail, granting residents seamless connectivity to Calgary's city center within a mere 22-minute drive, free from traffic lights. Additionally, the property enjoys centrality within Airdrie, with all essential amenities just a stroll away. Nestled opposite a baseball diamond and a children's park, and conveniently adjacent to Airdrie’s Tri-Schools, this location offers a blend of recreational and educational advantages all within walking distance. Occupying an expansive lot spanning half a block, this property offers ample outdoor space rarely found in urban settings. The south end of the property showcases a massive fully fenced yard and a secondary fenced area on the east side ideal for a dog run. Furthermore, there's an open yard space extending to the alley, providing flexibility for extra parking and gardening, or the possibility to establish distinct yards for both upper and lower-level residents. Being a corner lot with only one neighbor and a welcoming community atmosphere, residents enjoy ample parking, a sense of privacy, and neighborly camaraderie. The residence itself comprises a bi-level layout, boasting vaulted ceilings on the upper level and large windows in the basement, ensuring ample natural light throughout. Notably, the basement accommodates an illegal suite, complet e with separate entrances, laundry facilities, thermostats, kitchens, and living areas. Completing the ensemble is an oversized double garage equipped with both gas and electricity, providing secure parking and additional storage space. Notable updates include, new shingles on the house and garage, paint, and upgraded flooring, ensuring the property's structural integrity and aesthetic appeal. With a history of generating $3,900 in monthly rental income, this property presents an enticing opportunity for investors seeking dual rental incomes in a burgeoning locale. Similarly, first-time homebuyers can capitalize on the rental income to offset mortgage expenses, making this property a viable investment and residential option for various buyer profiles. (id:51532)

 

Tags




Property Summary
Property Type
Single Family
Building Type
House
Square Footage
917.17 sqft
Community Name
Old Town
Subdivision Name
Old Town
Title
Freehold
Land Size
794.3 m2|7,251 - 10,889 sqft
Built in
1961
Parking Type
Detached Garage(2),Oversize
Building
Bedrooms
Above Grade
2
Below Grade
2
Bathrooms
Total
4
Interior Features
Appliances Included
Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Flooring
Carpeted, Laminate, Linoleum
Basement Type
Full (Finished)
Building Features
Features
Treed, Back lane
Foundation Type
Poured Concrete
Style
Detached
Architecture Style
Bi-level
Construction Material
Wood frame
Square Footage
917.17 sqft
Total Finished Area
917.17 sqft
Structures
Deck
Heating & Cooling
Cooling
None
Heating Type
Forced air
Exterior Features
Exterior Finish
Vinyl siding
Parking
Parking Type
Detached Garage(2),Oversize
Total Parking Spaces
4
Land
Lot Features
Fencing
Fence
Other Property Information
Zoning Description
R1-V
Level Rooms Dimensions
Basement Family room 15.33 Ft x 11.67 Ft
Kitchen 9.92 Ft x 8.92 Ft
Bedroom 12.92 Ft x 9.50 Ft
Bedroom 9.92 Ft x 9.42 Ft
4pc Bathroom 6.42 Ft x 6.42 Ft
Furnace 10.33 Ft x 10.17 Ft
Main level Living room 16.00 Ft x 12.33 Ft
Kitchen 16.00 Ft x 10.67 Ft
Primary Bedroom 13.50 Ft x 9.92 Ft
Bedroom 10.67 Ft x 10.00 Ft
Laundry room 3.00 Ft x 3.00 Ft
4pc Bathroom 7.17 Ft x 6.50 Ft

Features
           Treed            Back lane            Detached Garage(2)
           Oversize            Washer            Refrigerator
           Dishwasher            Stove            Dryer
           Microwave            Hood Fan            Window Coverings
           None
Enter Details Below
=

Your Home Finance Calculation

Property Price CA $525,000
Bank Loan Amount CA $0
Monthly Installment CA $0

More Properties By Benjamin A. Sweet

View All

Related Properties

View All

Never Miss Anything Important!

Stay updated with latest property news:

News, Prices, Listings, Brokers, Index, Trends & Articles

We Don’t Like SPAM Either!
Advertisement Banner