617 1 Avenue Ne, Calgary, Alberta T2E 0B5

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$799,900

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:55577)

Property Features

  • MLS® Number A2177456
  • Price $799,900
  • Bedrooms: 8
  • Bathrooms: 5
  • Square Footage: 2719.6 sqft
  • Community Name: Bridgeland/Riverside
  • Amenities Near By Schools, Shopping
  • Features Pvc Window, No Neighbours Behind, No Smoking Home
  • Parking Space Total 2
  • Plan 3770k
  • Structure None

Buildings

Bathroom Total 5 Bedrooms Above Ground 8
Bedrooms Total 8 Appliances Washer, Refrigerator, Stove, Hood Fan, Window Coverings, Washer/dryer Stack-up
Basement Development Finished Basement Type Full (finished)
Constructed Date 1921 Construction Material Wood Frame
Construction Style Attachment Attached Cooling Type None
Exterior Finish Brick, Stucco Flooring Type Carpeted, Ceramic Tile, Hardwood, Laminate
Foundation Type Poured Concrete Heating Fuel Natural Gas
Heating Type Forced Air Stories Total 2
Size Interior 2719.6 Sqft Total Finished Area 2719.6 Sqft

Parking

Other

Land

Acreage No Fence Type Fence
Land Amenities Schools, Shopping Size Frontage 15.26 M
Size Irregular 261.86 Size Total 261.86 M2|0-4,050 Sqft
Size Total Text 261.86 M2|0-4,050 Sqft Zoning Description Mu-2

Rooms

Level Type Dimensions
Basement 4pc Bathroom 5.67 Ft x 9.17 Ft
Basement Furnace 2.33 Ft x 8.33 Ft
Basement Storage 9.50 Ft x 9.58 Ft
Basement 4pc Bathroom 8.92 Ft x 10.42 Ft
Basement Other 10.08 Ft x 10.33 Ft
Basement Storage 9.08 Ft x 8.83 Ft
Basement Furnace 8.25 Ft x 19.33 Ft
Basement Other 10.83 Ft x 10.75 Ft
Basement Family Room 7.25 Ft x 20.33 Ft
Main Level Office 5.58 Ft x 8.92 Ft
Main Level Living Room 11.83 Ft x 11.83 Ft
Main Level Kitchen 9.33 Ft x 10.25 Ft
Main Level Bedroom 8.00 Ft x 8.25 Ft
Main Level Dining Room 11.75 Ft x 11.33 Ft
Main Level Other 5.50 Ft x 4.58 Ft
Main Level Other 13.75 Ft x 13.33 Ft
Main Level Laundry Room 4.08 Ft x 2.58 Ft
Main Level 3pc Bathroom 5.00 Ft x 6.17 Ft
Main Level Bedroom 9.08 Ft x 10.25 Ft
Main Level Living Room 11.42 Ft x 10.08 Ft
Main Level Other 5.58 Ft x 4.58 Ft
Upper Level Kitchen 9.17 Ft x 7.67 Ft
Upper Level Bedroom 7.83 Ft x 15.00 Ft
Upper Level Primary Bedroom 8.00 Ft x 15.00 Ft
Upper Level Bedroom 9.50 Ft x 10.67 Ft
Upper Level 4pc Bathroom 5.00 Ft x 7.00 Ft
Upper Level Bedroom 9.58 Ft x 10.75 Ft
Upper Level Bedroom 7.83 Ft x 15.08 Ft
Upper Level Primary Bedroom 8.17 Ft x 15.00 Ft
Upper Level Kitchen 9.25 Ft x 7.67 Ft
Upper Level 4pc Bathroom 5.08 Ft x 6.92 Ft

Agents and Offices

  • Jing Gao
  • Office: Homecare Realty Ltd.

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