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Sano Stante

sano@sanostante.com +1(403) 850-2555

$7,750,000

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Cliff Bungalow

MLS® Listing ID A2344699

Year Built 1973

Annual Tax Amount $29,290

Tax Year 2026

Lot Size 0.264 Acres

Acres 0.26

Lot Dimensions 30.48 X 35.05 M

Property Sub-Type Multi Family

Source Calgary

Property Description

Real Estate is all about location and this building is located in one of the very best rental locations in Calgary. The building is a short walk to all of the amenities in Mission and 17 Ave SW. Tenants can easily walk to work or their favorite shops and restaurants. The original owner of this concrete and brick building has done an outstanding job of maintaining and upgrading this property over the years. The building is well organized and well operated. There have been numerous upgrades in the property in the past few years, including a new elevator, a new make up air system, plumbing and heating upgrades as well as refreshing units when units were being turned over. The property is currently operated as a building for low income seniors and the owner has decided to move in a different direction and sell the property. The above ground floors have a sitting area for tenants to enjoy at their leisure if they wish to visit amongst themselves. The existing vacant units and any upcoming vacant units will be available to the new owners to rent as they choose. The Villa has a large amount of community activity space in the lower level, for gatherings, plus a games room, a boardroom, and office. There are 6 parking stalls at the rear of the building and 10 more parking stalls (1715 5th St SW) north of the building on a titled lot. The new owner can move the rents to market levels and enjoy this excellent investment for many decades. The current ownership is exempt from some of the property taxes.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-C2

Interior

Inclusions 36 fridges, 26 stoves, all window covers owned by the Seller. See list of addition list for additional good included

Exterior

Lot Frontage 100.0

Total Parking Spaces 16

Building

Lot Description City Lot, Landscaped, Near Public Transit, Open Lot

Foundation Poured Concrete

Structure Type Stucco

Others

Restrictions None Known

Tax ID 112137208

Ownership Private

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Listed by Michael Fleming Realty Corp.

NEARBY SCHOOL & BUSINESS

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Sano Stante

+1(403) 850-2555

Broker Associate

1809, 1715 5 ST SW Calgary, AB T2S2A8

Sano Stante

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS