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:51989)
Features of 1309 12 Avenue Sw
- MLS® Number A2304728
- Price $2,750,000
- Square Footage: 10400 sqft
- Property Type: Multi-Family
- Community Name: Beltline
- Parking Space Total 6
- Plan A1
Buildings
| Constructed Date | 1957 | Heating Fuel | Natural Gas |
| Size Exterior | 10400 Sqft | Size Interior | 10400 Sqft |
| Total Finished Area | 10400 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Frontage | 15.26 M |
| Size Irregular | 6500.00 | Size Total | 6500 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 6500 Sqft|4,051 - 7,250 Sqft | Zoning Description | Cc-mhx |
Agents and Offices
- Chris Skowron
- Office: RE/MAX Real Estate (Mountain View)