617 1 Avenue NE, CALGARY

2024-11-08
 

Quick Summary

Location
617 1 Avenue NE, CALGARY, Alberta T2E0B5
Price
$799,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2719ft2
Bedrooms:
8
Bathrooms:
5
Year of Construction:
1921

MLS®#A2177456

Property Description

Attention, Investors! Don’t miss this prime, full-duplex with incredible potential. Featuring four kitchens, five bathrooms, and eight bedrooms across four complete units, this property, though older, remains in good condition.Key Features to Note:1.Zoning: The property is zoned as MU-2, allowing for commercial or mixed-use residential and commercial development, making it highly attractive for potential development.2.Ideal for Short-Term Rentals: Its excellent location makes it ideal for Airbnb, offering strong income potential.3.Perfect for Rooming House Business: With two bus routes directly to the University of California right by the property, it is also perfect for a rooming house operation.4.Rental Income Potential: For those seeking a quieter investment, you can split them into two larger ones or lease all four units, both options providing substantial annual rental income.Recent Updates and Improvements: One side of the duplex has already been renovated, offering a preview of the potential transformation for the other side. Additionally, the current owner has made several upgrades, including newer windows, doors, roof, and basement water heater.Please note: all appliances and items within the property are sold “AS IS, WHERE IS.” There are also two low-cost parking spaces available in front of the property.For a property with immense future development potential and strong immediate rental returns, It’s truly a cash cow! investors—what are you waiting for? (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Schools, Shopping

Building

  • Appliances: Washer, Refrigerator, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
  • Basement Development: Finished
  • Basement Type: Full (Finished)
  • Construction Style: Attached
  • Cooling Type: None
  • Exterior Finish: Brick, Stucco
  • Fireplace: No
  • Flooring Type: Carpeted, Ceramic Tile, Hardwood, Laminate
  • Interior Size: 2719.6 sqft
  • Stories: 2

Features

  • Feature: PVC window, No neighbours behind, No Smoking Home

Land

  • Land Size: 261.86 m2|0-4,050 sqft

Ownership

  • Type: Freehold

Structure

  • Structure: None

Zoning

  • Description: MU-2

Information entered by Homecare Realty Ltd.
Listing information last updated on: 2024-11-18 19:22:24


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April Isaac Associate

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