Listing Provided Courtesy Of:
RE/MAX HOUSE OF REAL ESTATE
Address
1610 28 Avenue SW Calgary, AB
Price
$ 1,799,000
Property Attributes
  • Listing#A1025880
  • TypeCommercial
  • CityCalgary
  • AreaCalgary - Zone CC
  • NeighbourhoodSouth Calgary
  • Postal CodeT2T1J4
  • StyleMulti Family
  • Price$ 1,799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,925 SqFt
Listing Provided Courtesy Of:
RE/MAX HOUSE OF REAL ESTATE
Property Description

5% CAP RATE IN THIS MARKET! SELLER WOULD ENTERTAIN UP TO A 10% VENDOR TAKE BACK. Potential to bump up rents - THIS PROPERTY GENERATES $9630.00/month!! 9 units(6-1beds and 3-2beds) with a massive 1400 square foot unit that used to be the owner's suite. Roof, Windows and Boiler all renovated within the last 8 years. Also great opportunity for redevelopment down the road as it sits on a whopping 87.5 x 125 foot lot with a MC-1 zoning. 9 Parking stalls plus a garage for additional revenue. Opportunities like this rarely come on the market - great cash flow for holding or renovate/flip/bump up cash flow and potential re development. Please see below for breakdown of expenses: $760/month - property taxes $404.37/month - insurance (probably can be lowered, current owner probably paying double what he should) $900/month - main area utilities/Enmax $160/month - waste disposal Total NOI: $7,405.63/month or $88,867.56 Annually

Price History
8/21/2020 Listed $1,899,000
9/14/2020 6% - $1,799,000

General Features

District CAL Zone CC
Property SubType Multi Family
Property Type Commercial
Structure Type Multi Family
Subdivision Name South Calgary
Transaction Type For Sale
Zoning M-C1

Interior Features

Below Grade Finished Area 0.00
Main Level Finished Area 0.00
Main Level Finished Area Metres 0.00
Main Level Finished Area Sf 0.00
Main Level Finished Area Srch Sq 0.00
Main Level Finished Area Units SquareFeet

Exterior Features

Inclusions ALL APPLIANCES OWNED BY SELLER
Lot Size Acres 0.25
Parking Total 11

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T2T1J4

Price
AVG $1.8M
$1.8M
Visits
AVG 11
15
Year Built
AVG 1960
1960

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