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1518, 1520, 1522 16 AV SW - MLS® # C4143336

Property Details


List Price
$2,350,000
Living Area
11,375 sqft.
Bedrooms
Bathrooms
Lot Size Area
4876.05 sq.ft.
Taxes
N/A
Type
Multi Unit (Commercial)
Style
Basement
Year Built
1912

Description

Tremendous Sunalta opportunity. One-owner assembly of 3 properties. REDEVELOP: ~11,375 sq. ft. (87.5 x 130) MC-2 parcel allows ~28,450 buildable sq. ft. up to 16m high. Ideal for multi-family / townhomes with density rezoning potential. Lot depth allows great surface parking or easy access for underground. HOLD: Both conventional & short-term furnished rentals (AirBNB) generate substantial revenue. Conventional units have zero-vacancy track record w/ long-term tenants in place. Well-appointed short-term spaces provide large-group stay potential and are in high demand w/ income besting conventional rentals. Prime location for tenants and tourists. A block off 17th Ave shopping / entertainment / restaurant corridor. Easy D/T access, close to major driving routes & a short walk to the LRT. Recent upgrades: kitchens, bathrooms, paint, refinished wood floors, laundry for each unit, newer windows with screens on all opening windows, landscaping and more to combine all modern amenities w/ historic charm.

Listing Provided By

RE/MAX LANDAN REAL ESTATE

Last Updated

2018-01-24

CREB The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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 Real Estate Listing provided by
  • Renata M. Reid, MiCP, CLHMS
  • 403.630.3991
  • 403.630.3991
  • 403.630.3991
  • 403.592.9015
  • rreid@sothebysrealty.ca
  • Sotheby's International Realty Canada
  • 290 - 815 17 Avenue SW | Mount Royal Block
  • Calgary, AB
  • T2T 0A1