$2,350,000.00 0.15 acre

111 23 Avenue SW, Calgary. T2S 0H9

Description

Once in a lifetime opportunity to own this entire 4 story, 11 unit building located in the heart of Mission, just steps away from Elbow River! Hidden amongst the trees and surrounding high-rises, the location of this property is incredibly quiet at the very East end of 23rd Avenue SW. The hustle and bustle of downtown is almost non-existent in this little pocket of the city centre, but restaurants and amenities of Mission and 17th Ave are literally at your doorstep. The building has 3 two bedroom units and 8 one bedroom units. Loved and appreciated by the same owner for the last 20 years and long-term tenants, current rent is below market, but projected monthly rental income is over $12,000. The building sits on a 6501 sqft lot with the potential for redevelopment. Renovations and updates have been made to units on an ongoing basis. The building has also had recent upgrades & improvements to the parkade, and new exterior stucco, windows and patio doors in 2021. The boiler system and Hot water heater were replace in 2013. This property must be seen to realize its true potential and to see how special it really is. Don't miss out on this opportunity - call today! The roll roll and borchure are in the supplements.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1238944
City:Calgary
Neighbourhood:Mission
Province:Alberta
Building/Unit Size: 8,920 sq.ft
Land Size:0.15 Acre
Listing Price:$2,350,000.00
Listing Price Arce:$15,666,667 per Acre
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:DC pre 1P2007
Listing Contract Date:2022-07-13

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "HOMECARE REALTY LTD." listing brokerage.

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