Daryl Carlson - 403-259-4141

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Multi-family in Calgary

$799,900.00
617 1 Avenue Northeast - MLS® #: A2177456
  • (109)
  • 185
  • 121
  • 8 Bedrooms
  • 5 Bathrooms
  • 2719.6 Sq Ft
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Daryl Carlson
403-259-4141

Property Type

Multi-family

Description

Attention, Investors! Don’t miss this prime, full-duplex with incredible potential. Featuring four kitchens, five bathrooms, and eight bedrooms across four complete units, this property, though older, remains in good condition.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? (id:6769

Property Details

Subarea
Bridgeland/Riverside

Lot
261.86

Year Built
1921

Flooring
Carpeted,Ceramic Tile,Hardwood,Laminate

Parking Type
2

Rooms Dimension

RoomFloorDimension
4pc BathroomBasement5.67 Ft x 9.17 Ft
FurnaceBasement2.33 Ft x 8.33 Ft
StorageBasement9.50 Ft x 9.58 Ft
4pc BathroomBasement8.92 Ft x 10.42 Ft
OtherBasement10.08 Ft x 10.33 Ft
StorageBasement9.08 Ft x 8.83 Ft
FurnaceBasement8.25 Ft x 19.33 Ft
OtherBasement10.83 Ft x 10.75 Ft
Family roomBasement7.25 Ft x 20.33 Ft
OfficeMain level5.58 Ft x 8.92 Ft
Living roomMain level11.83 Ft x 11.83 Ft
KitchenMain level9.33 Ft x 10.25 Ft
BedroomMain level8.00 Ft x 8.25 Ft
Dining roomMain level11.75 Ft x 11.33 Ft
OtherMain level5.50 Ft x 4.58 Ft
OtherMain level13.75 Ft x 13.33 Ft
Laundry roomMain level4.08 Ft x 2.58 Ft
3pc BathroomMain level5.00 Ft x 6.17 Ft
BedroomMain level9.08 Ft x 10.25 Ft

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Listing data last updated date: 2024-11-13 04:21:50

Not intended to solicit properties currently listed for sale.The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. The trademarks MLS®, Multiple Listing Service and the associated logos are owned by CREA® and identify the quality of services provided by real estate professionals who are members of CREA®. REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.

Listing Agent: Jing Gao

Brokerage: Homecare Realty Ltd.