INVESTMENT OPPORTUNITY – WEST HILLHURST
An exceptional opportunity to acquire a distinctive five-unit inner-city property situated on a 5,525 sq. ft. rectangular lot along Westmount Road NW, backing onto Kensington Road and conveniently positioned between 21 Street NW and 22 Street NW.
The property offers a unique combination of residential accommodation, underground parking and quality construction, with approximately 2,483 sq. ft. of living space in the principal three-storey residence, together with four additional self-contained apartment-style units at the rear of the property.
The principal residence extends over three levels and offers a flexible and distinctive floor plan. The second level features a large open area currently designed as a ballroom/dance floor, complete with a two-piece washroom, providing excellent potential for entertainment, studio, recreational or other flexible uses. The third level includes a spacious primary bedroom together with two additional den/flex rooms.
The four rear residential units consist of:
Two one-bedroom units of approximately 519 sq. ft. and 555 sq. ft.
Two two-bedroom units of approximately 693 sq. ft. and 695 sq. ft.
A significant feature of the property is the approximately 3,042 sq. ft. underground parkade, providing six parking stalls and storage lockers—a valuable amenity for an inner-city multifamily property.
Outdoor amenities include a shared deck area connecting the principal residence with the apartment component, together with a raised wooden deck serving the upper apartment units.
The property has been constructed and finished to a standard consistent with quality inner-city residential development. Notable features include a combination of in-floor heating and high-velocity forced-air systems, enhanced exterior wall construction designed to improve sound attenuation and thermal insulation, and rooftop solar panels with the ability to return generated electricity to the grid.
With its desirable inner-city location, diverse unit mix, underground parking and distinctive construction features, this property presents an attractive opportunity for an investor, owner-occupier or purchaser seeking a unique multifamily income-producing asset.
Commercial
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5,525
2022
