A free standing commercial property in Chinatown is for sale. The business is not included in the sale. The property has a stable tenant, currently paying $7,800 + GST per month in rent. The tenant is a chain store that has invested over $200,000 in renovations to the property. The seller will replace the roof, expected to be completed around April 2026. The current rent is below market value, offering potential to increase the rent in the future. Property Size: 2,242 sq.ft. main floor + 2,242 sq.ft. basement. Lease Term: Until December 31, 2030.
Essential information
MLS® number
A2291719
Status
Active
Price
$1,250,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
Easement Registered On Title
Building area
2,242 sq ft
Lot size
3,024 sq ft
Year built
1973
Structure
Retail
Listing brokerage
Grand Realty
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Exterior and construction
Roof
Asphalt Shingle
Foundation
Poured Concrete
Zoning
DC (pre 1P2007)
Community
City
Calgary
Province
AB
Postal code
T2P 0S4
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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30 photos$1,398,000101, 328 Centre Street SE, Calgary
