Calgary Realtor

$2,750,000 · For Sale
1309 12 Avenue SW, Calgary, Alberta
10,400sq ft
6,500sq ft Lot
155Days on Market

About This Property

Located in the heart of Calgary’s highly desirable Beltline District, 1309-12th Avenue SW offers a rare multiunit investment with both stability and upside. This is a three-level, eleven-unit apartment building which consists entirely of large one-bedroom suites, ranging between 750 and 800 square feet, as well as one smaller unit—making it an ideal asset for targeting the city’s growing population who desire an urban living environment. This apartment building was constructed in 1957 and has a solid structure, bones and fundamentals. Most units have received various levels of interior renovations over time, however, there remains opportunity for any investor who seeks to update this asset to further drive rental growth. For the ambitious investor this is a rare opportunity to secure an income generating property in a prime location, which offers strong cash flow and incredible long term value. There are 5 total parking stalls. This building is minutes from Kensington, downtown, 17th Avenue, CTrain and bus routes, access to parks and the bow river pathway. 1309-12th Avenue SW stands as a prime value-add opportunity in one of Calgary’s most desirable, walkable and sought-after urban communities.

Key Features

  • Built in 1957
  • Multi-Family
  • Natural gas Heat

Property Details

Community Beltline
Property Type Multi-family
Building Type Multi-Family
Year Built 1957
MLS® Number A2304728

Size & Land

Finished Area 10,400 sq ft
Land Size 6,500 sq ft Lot

Building Features

Heating Natural gas

Parking

Parking Spaces 6

Financial & Other

Property Taxes $12,289/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$11,680/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

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Listing courtesy of RE/MAX Real Estate (Mountain View) · Calgary Real Estate Board
View on REALTOR.ca
ED
Evans Dobey
REALTOR | CIR Realty
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