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$ 1,850,000
Est. payment | /mo
5,200 SqFt
$ 1,850,000
Est. payment | /mo
5,200 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $355
Subdivision Bridgeland/Riverside
MLS Listing ID A2333975
Year Built 1973
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Property Description
Classic Brick-and-Mortar Investment is what this 7-Suite Concrete Apartment Building is all about,with current revenue of $133,500 per year. Positioned in the heart of high-demand Bridgeland,this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony,a secure storage unit and a warm,welcoming layout that attracts and retains long-term tenants.
Property Highlights:
Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick,direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways,common areas,and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage,if required.
Personally maintained with pride of ownership,this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid,turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.
Property Highlights:
Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick,direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways,common areas,and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage,if required.
Personally maintained with pride of ownership,this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid,turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-CG d111
Direction NE
Interior
Inclusions 7 FRIDGES 7 STOVES - MAINTENANCE & CARETAKER ITEMS.
Fireplace No
Exterior
Roof Type Tar/Gravel
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by eXp Realty
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Geeta Singh
As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.
Sartaj Sekhon
Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary.
What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road.
Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue!
If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!
Charlene Soares
Viren is a very responsive realtor who drops everything to come see his clients. He will help you with your house purchasing decisions by providing additional resources to evaluate the current market situation and always available for questions. Great realtor to choose if you are on the market searching for excellent help!
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