Property Details

1309 12 Avenue SW
Calgary (A2228001)

$3,200,000
8,651 ft²
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Loan Term
Interest Rate
Loan Amount
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* Amounts are estimates only. Final payment amounts may vary.

Description

Located in the heart of Calgary’s highly desirable Beltline District, 1309-12th Avenue SW offers a rare multiunit investment with both stability and upside. This is a three-level, eleven-unit apartment building which consists entirely of large one-bedroom suites, ranging between 750 and 800 square feet, as well as one smaller unit—making it an ideal asset for targeting the city’s growing population who desire an urban living environment. This apartment building was constructed in 1957 and has a solid structure, bones and fundamentals. Most units have received various levels of interior renovations over time, however, there remains opportunity for any investor who seeks to update this asset to further drive rental growth. For the ambitious investor this is a rare opportunity to secure an income generating property in a prime location, which offers strong cash flow and incredible long term value. There are 5 total parking stalls. This building is minutes from Kensington, downtown, 17th Avenue, CTrain and bus routes, access to parks and the bow river pathway. 1309-12th Avenue SW stands as a prime value-add opportunity in one of Calgary’s most desirable, walkable and sought-after urban communities.

Property details

Basic Info

MLS® #
A2228001
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Beltline
Price
$3,200,000
Sale/Lease:
For Sale
Size:
8,651 sq.ft.
Year Built:
1957 (68 years old)

Building Info

Structure Type:
Other
Garage:
No
Fence:
Basement:
No
Inclusions:
11 STOVES 11 FRIDGES

Lot / Land Info

Lot Size:
0.15 acres
Zoning:
CC-MHX

Listing Info

Possession:
90 Days / Neg
Days on Market:
1
Your Agent
  • Alexander Beatty

    Grassroots Realty Group Grande Prairie, AB
    780-228-4266

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