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)
Address
131 15 Avenue SE
List Price
$1,250,000
Property Type
Commercial
Type of Dwelling
Multi Family
Area
Calgary CC
Sub-Area
Beltline
Lot Size
3476 Sq. Ft.
Year Built
1912
MLS® Number
A2072681
Listing Brokerage
ROYAL LEPAGE BENCHMARK
Postal Code
T2G 1G1
Zoning
CC-X
Site Influences
City Lot, Low Maintenance Landscape, Level, Near Shopping Center
