Homes for sale - 617 1 Avenue NE, Calgary, AB T2E0B5

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Jayson Sidhu

jaysonsidhu@gmail.com +1(604) 805-5897

$ 799,900

Est. payment | -/mo

8 Beds

5 Baths

2,719 SqFt

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$ 799,900

Est. payment | -/mo

Save

8 Beds

5 Baths

2,719 SqFt

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

Listed by Homecare Realty Ltd.

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Jayson Sidhu

+1(604) 805-5897

617 1 Avenue NE Calgary, AB T2E0B5

Jayson Sidhu

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Go tour this home

617 1 Avenue NE

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