Beautifully maintained 1910-character building offering historic charm, affordable rents, consistently high occupancy, and long-term tenant retention.
The property has undergone extensive upgrades, including:
• Redecorated suites
• New boiler installed circa 2016
• Updated electrical system, including electrical panel
• Plumbing upgrades completed in 2012
• Roof replaced circa 2018 2019
• Low-maintenance landscaping with a small outdoor patio
This turnkey investment property offers stable rental income with minimal ongoing maintenance. Potential future upside is possible through acquiring a Heritage property designation and the sale of air rights, both of which require municipal approval.
An excellent opportunity to own a well-maintained character property with strong rental demand. The existing mortgage must be assumed - See supplements.
Essential information
MLS® number
A2356067
Status
Active
Price
$3,255,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
9,989 sq ft
Lot size
5,059 sq ft
Year built
1910
Structure
Low Rise (2-4 stories)
Listing brokerage
Michael Fleming Realty Corp.
Source
Pillar 9™ MLS® System
Interior
Heating
Baseboard, Boiler, Natural Gas, Radiant
Included
21 fridges, 21 stoves and all other kitchen appliances and window coverings owned by the Seller
Exterior and construction
Construction
Wood Frame, Wood Siding
Roof
Asphalt Shingle
Foundation
Poured Concrete
Lot features
City Lot, Street Lighting
Frontage
11.89M 39`0"
Zoning
CC-MH
Parking
Total parking
0
Community
City
Calgary
Province
AB
Postal code
T2R 0N1
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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12 photos$3,200,000517 15 Avenue SW, Calgary
