617 1 Avenue Ne Calgary, Alberta T2E 0B5
$799,900
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? (id:52784)
Property Details
| MLS® Number | A2177456 |
| Property Type | Multi-family |
| Neigbourhood | Bridgeland/Riverside |
| Community Name | Bridgeland/Riverside |
| AmenitiesNearBy | Schools, Shopping |
| Features | Pvc Window, No Neighbours Behind, No Smoking Home |
| ParkingSpaceTotal | 2 |
| Plan | 3770k |
| Structure | None |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 8 |
| BedroomsTotal | 8 |
| Appliances | Washer, Refrigerator, Stove, Hood Fan, Window Coverings, Washer/dryer Stack-up |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1921 |
| ConstructionMaterial | Wood Frame |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Brick, Stucco |
| FlooringType | Carpeted, Ceramic Tile, Hardwood, Laminate |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2719.6 Sqft |
| TotalFinishedArea | 2719.6 Sqft |
Parking
| Other |
Land
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Schools, Shopping |
| SizeFrontage | 15.26 M |
| SizeIrregular | 261.86 |
| SizeTotal | 261.86 M2|0-4,050 Sqft |
| SizeTotalText | 261.86 M2|0-4,050 Sqft |
| ZoningDescription | Mu-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 4pc Bathroom | 5.67 Ft x 9.17 Ft | ||
| Basement | Furnace | 2.33 Ft x 8.33 Ft | ||
| Basement | Storage | 9.50 Ft x 9.58 Ft | ||
| Basement | 4pc Bathroom | 8.92 Ft x 10.42 Ft | ||
| Basement | Other | 10.08 Ft x 10.33 Ft | ||
| Basement | Storage | 9.08 Ft x 8.83 Ft | ||
| Basement | Furnace | 8.25 Ft x 19.33 Ft | ||
| Basement | Other | 10.83 Ft x 10.75 Ft | ||
| Basement | Family Room | 7.25 Ft x 20.33 Ft | ||
| Main Level | Office | 5.58 Ft x 8.92 Ft | ||
| Main Level | Living Room | 11.83 Ft x 11.83 Ft | ||
| Main Level | Kitchen | 9.33 Ft x 10.25 Ft | ||
| Main Level | Bedroom | 8.00 Ft x 8.25 Ft | ||
| Main Level | Dining Room | 11.75 Ft x 11.33 Ft | ||
| Main Level | Other | 5.50 Ft x 4.58 Ft | ||
| Main Level | Other | 13.75 Ft x 13.33 Ft | ||
| Main Level | Laundry Room | 4.08 Ft x 2.58 Ft | ||
| Main Level | 3pc Bathroom | 5.00 Ft x 6.17 Ft | ||
| Main Level | Bedroom | 9.08 Ft x 10.25 Ft | ||
| Main Level | Living Room | 11.42 Ft x 10.08 Ft | ||
| Main Level | Other | 5.58 Ft x 4.58 Ft | ||
| Upper Level | Kitchen | 9.17 Ft x 7.67 Ft | ||
| Upper Level | Bedroom | 7.83 Ft x 15.00 Ft | ||
| Upper Level | Primary Bedroom | 8.00 Ft x 15.00 Ft | ||
| Upper Level | Bedroom | 9.50 Ft x 10.67 Ft | ||
| Upper Level | 4pc Bathroom | 5.00 Ft x 7.00 Ft | ||
| Upper Level | Bedroom | 9.58 Ft x 10.75 Ft | ||
| Upper Level | Bedroom | 7.83 Ft x 15.08 Ft | ||
| Upper Level | Primary Bedroom | 8.17 Ft x 15.00 Ft | ||
| Upper Level | Kitchen | 9.25 Ft x 7.67 Ft | ||
| Upper Level | 4pc Bathroom | 5.08 Ft x 6.92 Ft |
https://www.realtor.ca/real-estate/27630389/617-1-avenue-ne-calgary-bridgelandriverside
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November 08 2024 01:17:22
Calgary Real Estate Board
Homecare Realty Ltd.