$1,750,000
$1,799,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 04/26/2023
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision South Calgary
MLS® Listing ID A2028339
Sold Date 04/26/23
Originating Board Calgary
Year Built 1960
Annual Tax Amount $9,795
Tax Year 2022
Lot Size 0.251 Acres
Acres 0.25
Property Description
GREAT INVESTMENT OPPORTUNITY with $100,436 NOI for 9 UNIT (x6 - 1 bedroom, 1 bathroom units and x3 - 2 bedroom, 1 bathroom units plus a previous owner's suite). Primely located in the heart of South Calgary! Massive 1400 square foot plus basement unit built on top of the garage with its own private balcony and garage, that used to be the owner's suite! Roof, Windows and Boiler all RENOVATED within the last 10 years +/-. MC-1 zoning with huge 87.5 x 125 foot lot - amazing opportunity for re-development in the future & great LAND VALUE! 9 Parking stalls + garage for additional monthly revenue stream! Perfect multi-family for holding (cash flow) or renovating/flipping with re-development potential! Opportunities like this rarely come on the market, and in such a PRIME location! Just a quick drive to the trendy Marda Loop community, a 5 minute drive to 17th Avenue, 8 minute drive to Mt. Royal University and within walking distance to multiple green parks, renting units will never be a problem!! Offered at $1,799,000 with a 5.6% CAP rate!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C1
Exterior
Lot Frontage 87.42
Total Parking Spaces 11
Others
Restrictions None Known
Tax ID 76578041
Ownership Private
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