Data was last updated 2024-11-08 at 00:20:04 GMT
$799,900

617 1 Avenue NE   Calgary, Alberta

MLS®: A2177456
URL:    
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?
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?

Listing Information

Prop. Type:
Full Duplex
Property Style:
2 Storey
Status:
Active
City:
Calgary
Bedrooms:
8
Full Bathrooms:
5
Neighbourhood:
Bridgeland/Riverside
Area:
Calgary
Province:
Alberta
MLS® Number:
A2177456
Listing Price:
$799,900

General Information

Year Built:
1921
Total Square Feet:
2720ft2

Additional Information

Basement Dev:
Finished, Full
Parking:
Off Street

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This property is listed by Homecare Realty Ltd. and provided here courtesy of Sam Baker. For more information or to schedule a viewing please contact Sam Baker.
Sam Baker
Re/Max House of Real Esate
Phone: 403287-3880
Mobile Phone: 403-999-9279
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.