Airdrie, AB T4B 1R1,405 1 AVE NE
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Airdrie, AB T4B 1R1,405 1 AVE NE
Airdrie, AB T4B 1R1,405 1 AVE NE
Airdrie, AB T4B 1R1,405 1 AVE NE
Airdrie, AB T4B 1R1,405 1 AVE NE

$540,000

Est. payment /mo

$525,000

2.9%
Est.Price: ?

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405 1 AVE NE Airdrie, AB T4B 1R1

4 Beds

2 Baths

917 SqFt

SOLD DATE : 05/17/2024

Key Details

Sold Price $540,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 917 sqft

Price per Sqft $588

Subdivision Old Town

MLS® Listing ID A2128972

Sold Date 05/17/24

Style Bi-Level

Bedrooms 4

Full Baths 2

Originating Board Calgary

Year Built 1961

Annual Tax Amount $2,498

Tax Year 2023

Lot Size 8,549 Sqft

Acres 0.2

Property Description

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, complete 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.

Location

Province AB

County Airdrie

Zoning R1-V

Direction W

Rooms

Basement Finished, Full

Interior

Interior Features Built-in Features

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Laminate, Linoleum

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Dishwasher, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator, Washer, Window Coverings

Laundry In Basement, Laundry Room, Main Level, Multiple Locations

Exterior

Garage Double Garage Detached, Insulated, Oversized

Garage Spaces 2.0

Garage Description Double Garage Detached, Insulated, Oversized

Fence Fenced

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Porch Deck, Front Porch, Side Porch

Lot Frontage 50.0

Total Parking Spaces 4

Building

Lot Description Back Lane, Back Yard, Corner Lot, Landscaped, Private, Rectangular Lot, Treed

Foundation Poured Concrete

Architectural Style Bi-Level

Level or Stories Bi-Level

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 84572798

Ownership Private

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Listed by Real Broker

Jasben Lai

+1(403) 689-5512

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