Calgary, AB T2E 0B5,617 1 AVE NE
Calgary, AB T2E 0B5,617 1 AVE NE
Calgary, AB T2E 0B5,617 1 AVE NE
50
$770,000
$799,900
3.7%
Est.Price: ?

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8 BD
5 BA
2,719 SqFt

617 1 AVE NE Calgary, AB T2E 0B5

Est. payment /mo
SOLD DATE : 11/30/2024

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Key Details

Sold Price $770,000

Property Type Multi-Family

Sub Type Full Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,719 sqft

Price per Sqft $283

Subdivision Bridgeland/Riverside

MLS® Listing ID A2177456

Sold Date 11/30/24

Style 2 Storey,Side by Side

Bedrooms 8

Full Baths 5

Originating Board Calgary

Year Built 1921

Annual Tax Amount $3,907

Tax Year 2024

Lot Size 2,818 Sqft

Acres 0.06

Property Description

Attention, Investors! Don’t miss this prime, full-duplex with incredible potential. Featuring four kitchens, five bathrooms, and eight bedrooms across four complete units, this property, though older, remains in good condition.
Key Features to Note:
1. Zoning: The property is zoned as MU-2, allowing for commercial or mixed-use residential and commercial development, making it highly attractive for potential development.
2. Ideal for Short-Term Rentals: Its excellent location makes it ideal for Airbnb, offering strong income potential.
3. Perfect for Rooming House Business: With two bus routes directly to the University of California right by the property, it is also perfect for a rooming house operation.
4. Rental Income Potential: For those seeking a quieter investment, you can split them into two larger ones or lease all four units, both options providing substantial annual rental income.
Recent Updates and Improvements: One side of the duplex has already been renovated, offering a preview of the potential transformation for the other side. Additionally, the current owner has made several upgrades, including newer windows, doors, roof, and basement water heater.
Please note: all appliances and items within the property are sold “AS IS, WHERE IS.” There are also two low-cost parking spaces available in front of the property.
For a property with immense future development potential and strong immediate rental returns, It’s truly a cash cow! investors—what are you waiting for?

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning MU-2

Direction N

Rooms

Basement Finished, Full

Interior

Interior Features No Smoking Home, Separate Entrance, Vinyl Windows

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Ceramic Tile, Hardwood, Laminate

Appliance Range Hood, Refrigerator, Stove(s), Washer, Washer/Dryer Stacked, Window Coverings

Laundry In Unit

Exterior

Parking Features Off Street

Garage Description Off Street

Fence Fenced

Community Features Schools Nearby, Shopping Nearby

Roof Type Asphalt Shingle

Porch None

Lot Frontage 50.07

Total Parking Spaces 2

Building

Lot Description Corner Lot, No Neighbours Behind

Foundation Poured Concrete

Architectural Style 2 Storey, Side by Side

Level or Stories Two

Structure Type Brick,Stucco,Wood Frame

Others

Restrictions None Known

Tax ID 95026288

Ownership Private

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Listed by Homecare Realty Ltd.

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Sherry Heitzer

Agent

+1(403) 925-4663

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