For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,075,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ramsay
MLS® Listing ID A2090007
Sold Date 02/13/24
Originating Board Calgary
Year Built 1910
Annual Tax Amount $7,951
Tax Year 2023
Lot Size 4,445 Sqft
Acres 0.1
Property Description
Unique character 2 story brick building located on a quite street in the very heart of Ramsey. Only 5 mins to downtown and the Inglewood strip. This property is a rare find in a fantastic developing inner city area with a easy walk to the future green-line and downtown core. Currently cap rate is low but could be a good revenue producer with rents adjusted to market rates, with a 0% vacancy rate due to the great rental demand. This building has undergone some upgrades over the years like newer life-time warranty, windows, window cladding and roof This has helped to transform the exterior to the condition it was over 100 years ago. There is a cute 2 bedroom house and yard attached to the main building. The interior suites have been upgraded slightly over the years, but could use a little handy work to make them exceptional. This property is a gem and a great opportunity. The building has 6 - 1 bedroom, 1 bathroom units with common laundry in the basement.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-C2
Interior
Heating Natural Gas, Radiant
Exterior
Roof Type Flat Torch Membrane,Asphalt Shingle
Lot Frontage 35.21
Building
Foundation Poured Concrete
Structure Type Brick,Wood Frame
Others
Restrictions None Known
Tax ID 82962114
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP