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$2,200,000
Est. payment /mo
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $440
Subdivision Lower Mount Royal
MLS Listing ID A2347829
Year Built 1963
Property Sub-Type Multi Family
Property Description
Rare inner-city income property in the heart of Lower Mount Royal. This 10-unit,3-storey walk-up sits on a 6,500 SF M-C2 zoned lot in one of Calgary's most established and desirable SW neighbourhoods,steps from 17th Avenue,restaurants,transit,and amenities.
Built in 1963 and solidly constructed,the building offers a suite mix of 4 one-bedroom and 6 two-bedroom units,with current rents running meaningfully below the immediate neighbourhood market,representing a clear value-add opportunity.
The right buyer is one who can acquire without conventional financing constraints,optimize the rent roll over the near term,and hold a well-located inner-city asset in a submarket with genuine long-term demand fundamentals. Financials and rent roll available upon request.
Built in 1963 and solidly constructed,the building offers a suite mix of 4 one-bedroom and 6 two-bedroom units,with current rents running meaningfully below the immediate neighbourhood market,representing a clear value-add opportunity.
The right buyer is one who can acquire without conventional financing constraints,optimize the rent roll over the near term,and hold a well-located inner-city asset in a submarket with genuine long-term demand fundamentals. Financials and rent roll available upon request.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-C2
Direction SW
Interior
Inclusions laundry machines, equipment, appliances, window coverings, and maintenance equipment
Fireplace No
Exterior
Total Parking Spaces 10
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
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Listed by CDN Global Advisors Ltd.
NEARBY SCHOOL & BUSINESS
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