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$3,890,000
Est. payment /mo
11,155 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,155 sqft
Price per Sqft $348
Subdivision Capitol Hill
MLS Listing ID A2312262
Year Built 1969
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi Family
Property Description
Rarely does an opportunity like this come to market. Proudly offered for sale for the first time by the original owner,this well-maintained 18-unit apartment building is ideally situated on a prominent corner lot in the highly sought-after community of Capitol Hill. Featuring MC-2 zoning,the property offers exceptional long-term redevelopment potential while generating stable income today. The four-storey walk-up consists of 18 upgraded suites,including fourteen one-bedroom,one-bathroom units (approximately 545 sq. ft.) and four two-bedroom,one-bathroom units (approximately 645 sq. ft.). Each suite is individually metered for electricity,providing operational efficiency and reduced landlord expenses. Significant capital improvements include a new torch-on roof completed in 2024,new security doors and intercom system installed in 2022,roughed-in Telus fibre-optiks,and security camera coverage throughout the building,including all floors and entry points. Additional revenue is generated through the on-site coin-operated laundry facilities. Each unit comes with an outdoor parking stall (3 are covered) and exterior plug-in. Ideally located just minutes from SAIT,the Jubilee Auditorium,Alberta University of the Arts,North Hill Centre,LRT,schools,shopping,restaurants,and countless amenities,this property benefits from strong tenant demand and excellent accessibility. Whether you're seeking a turnkey multi-family investment,a long-term hold in one of Calgary's most desirable inner-city communities,or a strategic redevelopment opportunity,this exceptional Capitol Hill asset offers the perfect combination of LOCATION,STABILTY and FUTURE UPSIDE.
Location
Province AB
County Cal Zone Cc
Area Cal Zone Cc
Zoning M-C2
Direction NW
Interior
Heating Boiler, Natural Gas
Cooling None
Inclusions 18 Stoves, 18 Fridges
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Others
Restrictions None Known
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Listed by Royal LePage Mission Real Estate
NEARBY SCHOOLS & PROPERTIES
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