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$ 3,275,000
Est. payment | /mo
11,205 SqFt
$ 3,275,000
Est. payment | /mo
11,205 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,205 sqft
Price per Sqft $292
Subdivision Bowness
MLS Listing ID A2296807
Year Built 1978
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Multi Family
Property Description
Exceptional opportunity to acquire a 17-unit multifamily building in the highly desirable community of Bowness. Situated on a large 65' x 140' corner lot,this property offers strong fundamentals and long-term upside in a prime location.
The building consists of all one-bedroom units (17 total),providing a highly desirable and easy-to-manage rental mix. Originally constructed as a 14-unit building,an additional 3 suites were added in the lower level,optimizing the overall layout and revenue potential.
Over the years,the property has benefited from numerous upgrades,including newer sliding doors on all units,cosmetic updates throughout many suites,and recently painted common areas,contributing to strong tenant appeal.
The site features 14 parking stalls,adding convenience for tenants and enhancing overall functionality.
With professional property management already in place,this is a true turnkey investment opportunity ideal for investors seeking a well-located,stabilized multifamily asset
The building consists of all one-bedroom units (17 total),providing a highly desirable and easy-to-manage rental mix. Originally constructed as a 14-unit building,an additional 3 suites were added in the lower level,optimizing the overall layout and revenue potential.
Over the years,the property has benefited from numerous upgrades,including newer sliding doors on all units,cosmetic updates throughout many suites,and recently painted common areas,contributing to strong tenant appeal.
The site features 14 parking stalls,adding convenience for tenants and enhancing overall functionality.
With professional property management already in place,this is a true turnkey investment opportunity ideal for investors seeking a well-located,stabilized multifamily asset
Location
Province AB
County Cal Zone Nw
Area Cal Zone Nw
Zoning M-C1
Direction NW
Interior
Inclusions Items associated with the daily operation of the property
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by The Real Estate District
LOCATION AND OTHER NEARBY PROPERTIES
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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