$1,100,000
$1,250,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
3,476 Sqft Lot
SOLD DATE : 02/07/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Beltline
MLS® Listing ID A2072681
Sold Date 02/07/24
Year Built 1912
Annual Tax Amount $7,228
Tax Year 2023
Lot Size 3,476 Sqft
Acres 0.08
Property Sub-Type Multi Family
Source Calgary
Property Description
Fantastic Investment Opportunity! Well maintained 8 Unit building located in the heart of Calgary's Cultural & Entertainment District. 8 - 1 Bedroom Units benefit from a fire suppression system and onsite caretaker. Updates include new roof (2012), new furnaces, hot water tanks and laundry (2013). Several units have the original claw foot tubs and new bathroom flooring. Your future tenants won't need to worry about needing a vehicle, this property offers easy access to transit, walking distance to amenities and Downtown. Steps to the Victoria Park / Stampede C-Train station. Zoned CC-X makes this the perfect development property. Property currently makes $79,500/annum (based on full occupancy) with the ability to make $124,000/annum. This property could be acquired along 2 neighbouring sites also currently listed along Macleod Tr for a great redevelopment project (See: 1501 & 1503 1 St SE)
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning CC-X
Interior
Heating Forced Air, Natural Gas
Exterior
Roof Type Asphalt Shingle
Lot Frontage 33.43
Building
Lot Description City Lot, Low Maintenance Landscape, Near Shopping Center, Level
Foundation Poured Concrete
Others
Restrictions None Known
Tax ID 82890818
Ownership Private
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REVIEWS & TESTIMONIALS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
