Calgary, AB T2T 1J4,1610 28 AVE SW
Calgary, AB T2T 1J4,1610 28 AVE SW
Calgary, AB T2T 1J4,1610 28 AVE SW
Calgary, AB T2T 1J4,1610 28 AVE SW
Calgary, AB T2T 1J4,1610 28 AVE SW
Calgary, AB T2T 1J4,1610 28 AVE SW
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$1,750,000

$1,799,000

2.7%
Est.Price: ?

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Est. payment /mo

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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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

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