Property Details

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Calgary (A2295896)

$3,650,000
9,900 ft²

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.

Property details

Basic Info

MLS® #
A2295896
Property Type:
Commercial
Subtype:
Business
Subdivision:
Calgary
Price
$3,650,000
Sale/Lease:
For Sale
Size:
9,900 sq.ft.
Year Built:
1950 (76 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
0.21 acres
Lot Dimensions:
65 ft wide x 140 ft deep
Lot Features:
City Lot, Flag Lot
Zoning:
CR20-C20/R20

Business Info

Business Type:
Restaurant

Listing Info

Possession:
60 Days / Neg
Days on Market:
1
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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