617 1 Avenue NE Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2E0B5
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,719 sqft
Price per Sqft $294
Subdivision Bridgeland/Riverside
MLS Listing ID A2177456
Bedrooms 8
Originating Board Calgary Real Estate Board
Year Built 1921
Lot Size 2,818 Sqft
Acres 2818.6377
Property 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:24570)
Location
Province AB
Rooms
Extra Room 1 Basement 5.67 Ft x 9.17 Ft 4pc Bathroom
Extra Room 2 Basement 2.33 Ft x 8.33 Ft Furnace
Extra Room 3 Basement 9.50 Ft x 9.58 Ft Storage
Extra Room 4 Basement 8.92 Ft x 10.42 Ft 4pc Bathroom
Extra Room 5 Basement 10.08 Ft x 10.33 Ft Other
Extra Room 6 Basement 9.08 Ft x 8.83 Ft Storage
Interior
Heating Forced air,
Cooling None
Flooring Carpeted,Ceramic Tile,Hardwood,Laminate
Exterior
Garage No
Fence Fence
Waterfront No
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2
Others
Ownership Freehold