1309 12 Avenue Sw, Calgary, Alberta T3C 0P6

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$3,200,000

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. (id:55577)

Property Features

  • MLS® Number A2228001
  • Price $3,200,000
  • Square Footage: 8651 sqft
  • Property Type: Multi-Family
  • Community Name: Beltline
  • Plan A1

Buildings

Constructed Date 1957 Size Exterior 8651 Sqft
Size Interior 8651 Sqft Total Finished Area 8651 Sqft
Type Multi-family

Land

Acreage No Size Irregular 605.00
Size Total 605 M2|4,051 - 7,250 Sqft Size Total Text 605 M2|4,051 - 7,250 Sqft
Zoning Description Cc-mhx

Agents and Offices

  • Chris Skowron
  • Office: RE/MAX Real Estate (Mountain View)

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