2004 1 Avenue NW

Calgary, AB, t2n 0b3

$6,000,000

$339 per ft²
$6,000,000
$339 per ft²
Active
Active
 - For Sale
carpenters-square
17,688 ft²
property_type
Commercial
Located just a few steps from Kensington Road NW, this well designed building has 10 residential units, (4 two beds, 6 one beds). main floor has two street level retail units fully leased out. Second floor is undeveloped and currently designated as commercial space. It could be developed into 5 more residential units with the same floor plans as the above two floors. there is one elevator and 10 underground parking stalls. lots of street parking and great walk score. Current retail leases are long term and residential units are fully leased. Current Gross Revenue is $357,500 . Current Total costs are $97,500 per year. Current NOI is $260,000. NOI with second floor developed is $370,110 and has a price tag of about $750,000 and requires about 6 months. CAP rate with second floor developed is 5.5%. ($370,110/$6,750,000=5.5%)
MLS® ID:
A2017461
Listed:
1/4/23
Updated:
1/28/23
Sotheby's International Realty
Corinne Poffenroth

Exterior/Building Features

Lot Size
6,098 ft² lot

Other Property Details

Garage
No
Parking
N
View
N
County
Calgary
Pool
No
Zoning
M-X1

Courtesy of CIR REALTY, Jayson Shmyrko

Listing Contact:  

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Data last updated 7:53 PM UTC, 1/28/23

Sotheby's International Realty
Corinne Poffenroth
Contact