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Real estate on your terms®


Property Description

Fully leased investor opportunity in Marda Loop, generating $226,800 in annual rental revenue with an assumable MLI Select mortgage in place. This luxury 8-unit modern multi-family building sits on a 50' x 125' lot and offers 4 above-grade units featuring open-concept layouts, 4 bedrooms, 3.5 bathrooms, and penthouse lofts leading to private rooftop patios — north-facing units enjoy downtown views while south-facing units offer an abundance of sunlight — plus 4 below-grade 1-bedroom, 1-bathroom units in high demand among single professionals and couples. A 4-car garage with roughed-in EV charging stations adds future-ready appeal, while individually metered units with separate gas and electrical meters and dedicated furnaces and panels per unit streamline management and reduce shared expenses. Above-grade units range from 1,752 to 1,834 sq ft, while lower units offer 678 sq ft each, appealing to a diverse tenant base. High-end finishes throughout include designer herringbone flooring, quartz countertops, custom cabinetry, stainless steel appliances, matte black fixtures, two fireplaces (main level and penthouse), oversized kitchen islands, and large windows for plenty of natural light, with rooftop patios offering tenants premium outdoor space and skyline views. Newly installed artificial grass adds low-maintenance curb appeal, minimizing upkeep for ownership. Located steps from downtown, transit, and Marda Loop's vibrant amenities, this fully operational, cash-flowing asset delivers thoughtful design, efficient studio systems, and strong long-term rental demand — a rare, turnkey opportunity to secure a high-income property with financing and revenue already in place. No Sign on the property, and please do not disturb the tenants. (id:53430)

Building

Property Type:
Multi-Family
Building Type:
Multi-Family
Year Built:
2025
Stories:
3.0
Basement:
Finished, Full, Separate entrance

Finished Areas

Interior Size (Total):
7168 square feet
Above Grade:
7168 square feet

Parking

Spaces:
4
Features:
Detached Garage, Garage

Lot / Land

Lot Size:
580.0 square meters

Exterior

Exterior Features:
Stucco, Composite Siding
Construction:
Wood frame
Foundation:
Poured Concrete

Utilities & Mechanical

Cooling:
Fully air conditioned

Fees & Dates

Property Taxes:
$23,274
Tax Year:
2026
Last Modified:
08/15/2026 01:25:32 AM
Status Change:
08/15/2026 01:17:33 AM

Association / Ownership

Common Interest:
Freehold

Location

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Listing offered by: The Real Estate District

Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.

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