131 15 Avenue SE

Multi Family For Sale in Beltline, Calgary CC

  • Built 1912
Fantastic Investment Opportunity! Well maintained 8 Unit building located in the heart of Calgary's Cultural & Entertainment District. 8 - 1 Bedroom Units benefit from a fire suppression system and onsite caretaker. Updates include new roof (2012), new furnaces, hot water tanks and laundry (2013). Several units have the original claw foot tubs and new bathroom flooring. Your future tenants won't need to worry about needing a vehicle, this property offers easy access to transit, walking distance to amenities and Downtown. Steps to the Victoria Park / Stampede C-Train station. Zoned CC-X makes this the perfect development property. Property currently makes $79,500/annum (based on full occupancy) with the ability to make $124,000/annum. This property could be acquired along 2 neighbouring sites also currently listed along Macleod Tr for a great redevelopment project (See: 1501 & 1503 1 St SE)
Address 131 15 Avenue SE
List Price $1,250,000
Property Type Commercial
Type of Dwelling Multi Family
Area Calgary CC
Sub-Area Beltline
Lot Size 3476 Sq. Ft.
Year Built 1912
MLS® Number A2072681
Postal Code T2G 1G1
Zoning CC-X
Site Influences City Lot, Low Maintenance Landscape, Level, Near Shopping Center