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7,526 Sqft Lot
Key Details
Sold Price -
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Tuxedo Park
MLS® Listing ID A2290933
Sold Date -
Year Built 1952
Annual Tax Amount $29,431
Tax Year 2025
Lot Size 7,526 Sqft
Acres 0.17
Property Sub-Type Retail
Source Calgary
Property Description
FOR SALE: Multi Tenant mixed use building located on the corner of Edmonton Trail and 20th Avenue NE at high visibility intersection.
This 8,440 Sq. Ft. building has 5 commercial spaces on the main floor and 6 residential apartment rental units on the second floor.
The 5 commercial spaces are fully leased. Current tenants are Dog Grooming & Spa, Cannabis Shop, Pizza Shop and Massage Therapy.
The residential apartment rental units are made up of two studio apartments and four, two bedroom apartments. All residential apartments are currently leased.
Projected Net income from residential apartments is $51,000.
Projected Net income commercial from commercial tenants is $140,000.
Electric heat for second floor.
Main floor has Forced Air Heat and A/C.
Roof may need to be replaced in near future – estimated cost is $125,000 but must be determined by the purchaser.
This is a rare opportunity to acquire a unique mixed use, multi tenant property on a high visibility intersection with excellent income and tremendous upside potential.
Call your favorite Realtor today for more information.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning C-N1
Exterior
Roof Type Flat
Total Parking Spaces 3
Building
Structure Type Brick
Others
Restrictions None Known
Tax ID 101437626
Ownership Private
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REVIEWS & TESTIMONIALS
My husband and I recently purchased a home in Airdrie with Justin Newman and couldn't be happier with our experience! He guided us through the whole process, was incredibly helpful in answering questions, and went above and beyond to make sure the whole process was stress free and seamless. He was always available for phone calls and helped us navigate every aspect of the purchase (showings, home inspection, condo doc read, lawyers etc.). We highly recommend Happy House Hunting and Justin for a realtor in the Calgary area and will definitely be using him again!
