617 1 AVE NE Calgary, AB T2E 0B5
UPDATED:
11/08/2024 07:20 AM
Key Details
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,719 sqft
Price per Sqft $294
Subdivision Bridgeland/Riverside
MLS® Listing ID A2177456
Style 2 Storey,Side by Side
Bedrooms 8
Full Baths 5
Originating Board Calgary
Year Built 1921
Annual Tax Amount $3,907
Tax Year 2024
Lot Size 2,818 Sqft
Acres 0.06
Property Description
Key Features to Note:
1. Zoning: The property is zoned as MU-2, allowing for commercial or mixed-use residential and commercial development, making it highly attractive for potential development.
2. Ideal for Short-Term Rentals: Its excellent location makes it ideal for Airbnb, offering strong income potential.
3. Perfect for Rooming House Business: With two bus routes directly to the University of California right by the property, it is also perfect for a rooming house operation.
4. Rental Income Potential: For those seeking a quieter investment, you can split them into two larger ones or lease all four units, both options providing substantial annual rental income.
Recent Updates and Improvements: One side of the duplex has already been renovated, offering a preview of the potential transformation for the other side. Additionally, the current owner has made several upgrades, including newer windows, doors, roof, and basement water heater.
Please note: all appliances and items within the property are sold “AS IS, WHERE IS.” There are also two low-cost parking spaces available in front of the property.
For a property with immense future development potential and strong immediate rental returns, It’s truly a cash cow! investors—what are you waiting for?
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning MU-2
Direction N
Rooms
Basement Finished, Full
Interior
Interior Features No Smoking Home, Separate Entrance, Vinyl Windows
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Ceramic Tile, Hardwood, Laminate
Inclusions fridge, 2 stoves, hood fan,
Appliance Range Hood, Refrigerator, Stove(s), Washer, Washer/Dryer Stacked, Window Coverings
Laundry In Unit
Exterior
Garage Off Street
Garage Description Off Street
Fence Fenced
Community Features Schools Nearby, Shopping Nearby
Roof Type Asphalt Shingle
Porch None
Lot Frontage 50.07
Parking Type Off Street
Total Parking Spaces 2
Building
Lot Description Corner Lot, No Neighbours Behind
Foundation Poured Concrete
Architectural Style 2 Storey, Side by Side
Level or Stories Two
Structure Type Brick,Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 95026288
Ownership Private
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