$459,900.00 0.07 acre

522 21 Avenue NW, Calgary. T2m 1J7


Unique, character, multi suite 1 1/2 story house on 25 foot lot close to city center with 7 self contained bachelor suites. Each suite has its own bathroom and kitchen with fridge, hotplate, and microwave. Wood or laminate and linoleum in all suites; no carpets. New roof and boiler in 2009. New hot water tank 2019. Sewer line to city replaced in 2011. New panel with 100 amp service in 2019. Hard wired smoke/CO2 detectors, fire extinguishers, fire rated drywall installed in basement mechanical room and hall. Gross rents $52000, net $35,000, 7% cap rate on asking price. Traditional financing not available for this type of property. Seller will carry a mortgage for up to 3 years with 25% down. Illegal non conforming units. Realtor has an interest in the property.

Listing Information

Prop. Type:Commercial
MLS #:A1186901
Neighbourhood:Mount Pleasant
Building/Unit Size: 1,539 sq.ft
Land Size:0.07 Acre
Listing Price:$459,900.00
Listing Price Arce:$6,570,000 per Acre
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:R-C2
Listing Contract Date:2022-02-28

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