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$ 3,650,000
Est. payment | /mo
9,100 Sqft Lot
$ 3,650,000
Est. payment | /mo
9,100 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2295896
Year Built 1950
Annual Tax Amount $53,480
Tax Year 2025
Lot Size 9,100 Sqft
Acres 0.21
Lot Dimensions 65 ft wide x 140 ft deep
Property Sub-Type Business
Source Calgary
Property Description
Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning CR20-C20/R20
Exterior
Lot Frontage 65.0
Total Parking Spaces 14
Building
Lot Description City Lot, Flag Lot
Others
Restrictions None Known
Tax ID 101572007
Ownership Private
Listed by First Place Realty
REVIEWS
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Grace Logura
Viren is the Real Estate in Calgary, I would like to say he's very good person, he understood client, when making their choice on what they like or not, He's he's patient, and kind, if I know someone who went to buy house, i will recommend him.
keith mascarenhas
If you are looking for someone to help you with your real estate needs in Calgary look no further than Viren Vijayashankar. With his affable style and genuine care to meet your requiremnts he offers the best advice backed by years of fine tuned expertise. He helped us with some difficult remote decision making and look forward to working with him in the future.
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