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Ben Sweet

hello@allcalgarylistings.com +1(403) 774-7447

$489,000

Est. payment - /mo

496 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 496 sqft

Price per Sqft $985

Subdivision Downtown West End

MLS Listing ID A2358074

Condo Fees $338/mo

HOA Y/N No

Year Built 2005

Property Sub-Type Retail

Property Description

Rarely available prime investment property,fully operated corner restaurant bay situated at the center of West End community,with abundant office buildings and residential high rises for sale (business is not included). Never vacant for the last 20 years. Tenant is in all net lease; no hands on management needed,rental income generating a net return of 5.9 %+ with listing price,better than Bank GIC. Current net rent for unit + 1 U/G titled stall is $2,178.58/Month plus equipment rent of $250/month plus operating cost. Purchase price includes equipment and improvement (valued at $120,000+) and 1 titled underground parking stall ($37,000+). See equipment list for details on equipment which include commercial restaurant environmental exhaust hood and suppression system,dishwasher,refrigeration unit,sandwich counter with cooler,grease trap,and other equipment etc. Conventional hot water heating and New (2026) Central A/C with fan coil unit. Prime corner unit only half a block from LRT station and walking distance to shopping and amenities. TENANT OCCUPIED; DO NOT VISIT UNIT W/O APPOINTMENT; UNIT IS OWNED BY LISTING BROKERAGE.

Location

Province AB

County 0046

Area Cal Zone Cc

Zoning DC (PRE 1P2007)

Direction SW

Interior

Heating Baseboard, Central, Natural Gas

Cooling Central Air

Inclusions See equipment list

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Garbage Collection, Heating Paid For, Water Connected

Water Access Desc Drinking Water

Present Use Commercial

Total Parking Spaces 1

Garage No

Building

Dwelling Type High Rise (5+ stories)

Sewer Public Sewer

Water Drinking Water

Others

HOA Fee Include Common Area Maintenance,Gas,Heat,Insurance,Professional Management,Security,Sewer,Snow Removal,Trash,Water

Restrictions None Known

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Listed by Troy Real Estate Ltd

NEARBY SCHOOL & BUSINESS

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Ben Sweet

+1(403) 774-7447

Team Lead

BUYING A HOME

SELLING MY HOME

(and maybe buying as well)

1111 6 AVE SW #106 Calgary, AB T2P5M5

Ben Sweet

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

1111 6 AVE SW #106

BUYING A HOME

SELLING MY HOME