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$ 2,750,000
Est. payment | /mo
10,400 SqFt
$ 2,750,000
Est. payment | /mo
10,400 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,400 sqft
Price per Sqft $264
Subdivision Beltline
MLS Listing ID A2304728
Year Built 1957
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi Family
Property Description
Located in the heart of Calgary's highly desirable Beltline District,1309-12th Avenue SW offers a rare multiunit investment with both stability and upside. This is a three-level,eleven-unit apartment building which consists entirely of large one-bedroom suites,ranging between 750 and 800 square feet,as well as one smaller unit—making it an ideal asset for targeting the city's growing population who desire an urban living environment. This apartment building was constructed in 1957 and has a solid structure,bones and fundamentals. Most units have received various levels of interior renovations over time,however,there remains opportunity for any investor who seeks to update this asset to further drive rental growth. For the ambitious investor this is a rare opportunity to secure an income generating property in a prime location,which offers strong cash flow and incredible long term value. There are 5 total parking stalls. This building is minutes from Kensington,downtown,17th Avenue,CTrain and bus routes,access to parks and the bow river pathway. 1309-12th Avenue SW stands as a prime value-add opportunity in one of Calgary's most desirable,walkable and sought-after urban communities.
Location
Province AB
County Cal Zone Cc
Area Cal Zone Cc
Zoning CC-MHX
Direction SW
Interior
Heating Boiler, Natural Gas
Inclusions 11 FRIDGES 11 STOVES
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 6
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions See Remarks
Listed by RE/MAX Real Estate (Mountain View)
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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