Business in your area
MLS® A2295896
$3,650,000
- Status
- Active
- Property type
- Business
- MLS® number
- A2295896
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1950
1 / 4Listing description
Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue.
The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue.
Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.
Property summary
- MLS® number
- A2295896
- Property type
- Business
- Square footage
- 9,900 sq ft
- Land size
- 9100 square feet
- Built in
- 1950
- Annual property taxes
- $53,480.08
- Parking
- 14 spaces
- Days on market
- 155 days
What would this home cost you?
Based on the $3,650,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of First Place Realty, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.