Courtesy Of RE/MAX HOUSE OF REAL ESTATE

217, 219 25 Avenue Ne, Calgary

$1,400,000


OPTION TO FINANCE AS RESIDENTIAL INVESTMENT!!! This Multi-family development has 2 separate TITLES, giving investors the option to finance residentially! Located in the PRIME area of Tuxedo Park, this development offers 6 UNITS (x3 - 2bedroom units & x3 - 3 bedroom units)!! **See below for detailed unit breakdown** With just short of $70K of NET ANNUAL INCOME and potential to increase rents, this property is perfect for holding & cash flowing or can be re-developed in the future! Well kept, clean & maintained, each of the 2nd & top floor units have a balcony and the rear of the building provides 4 parking stalls for residents! Located 5 minutes from 16th Avenue, 8 minute drive to SAIT, transit routes within walking distance and easily accessible to core downtown Calgary, this development has great appeal to students & working professionals! Unit Breakdown: 217 25 Ave NE (West Side) 217A (Top Floor) - 2 Bedrooms with 1.5 Bathrooms 217B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms 217C (Basement) - 2 Bedrooms with 1 full Bathroom 219 25 Ave NE (East Side) 219A (Top Floor) - 3 Bedrooms with 1.5 Bathrooms 219B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms 219C (Basement) - 2 Bedrooms with 1 full Bathroom

Essential Information
MLS® #A1145759
Price$1,400,000
Bathrooms0.00
Acres0.00
Year Built1979
TypeCommercial
Sub-TypeMulti Family
StatusActive
Community Information
Address217, 219 25 Avenue Ne
SubdivisionTuxedo Park
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2E 1Y2
Additional Information
Date ListedSeptember 10th, 2021
Days on Market45
ZoningR-C2
Listing Details
Office

Courtesy Of RE/MAX HOUSE OF REAL ESTATE

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