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Darren Abrahamson
Darren Abrahamson
Royal Lepage Commercial
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0.24 AC
Land / Multifamily
$2,500,000
Sale


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**$2,500,000 is for #316 and #314 15 ave SW** **10,500 sq. ft. Mixed Use Residential Development Site.** Potential for total parcel to include motivated neighbours with adjoining lots #310, #320 and #322 Site Density: Up to 5 times (52,581 sq. ft.) Building Height: There is no maximum building height • Located just south of Calgary’s downtown core • Level, rectangular site • Existing cash flow exists from two existing properties (6 Suites) on the site, while you develop • #314 consists of 4 suites, 3 x 1 bedroom, 1 x 2 bedroom, all with in suite laundries= $37,000 gross rent per year • #316 consists of 2 suites, 4 bedrooms, 3 x bathrooms, 2 x kitchens, 3 x laundries. Currently occupied by the owner with a potential for another $25,000 gross rent per year. • 8 x existing parking stalls with potential revenue of $150per month per stall. • New roofs in 2016 • New hot water tanks • Separately metered utilities to all suites Tours of the property subject to a conditionally accepted offer.


The Space
TypeProperty for sale
AvailableImmediately
Asking Price$2,500,000
Net Operating Income$50000

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The Lot - 314 and 316 15 Ave SW

**$2,500,000 is for #316 and #314 15 ave SW** **10,500 sq. ft. Mixed Use Residential Development Site.** Potential for total parcel to include motivated neighbours with adjoining lots #310, #320 and #322 Site Density: Up to 5 times (52,581 sq. ft.) Building Height: There is no maximum building height • Located just south of Calgary’s downtown core • Level, rectangular site • Existing cash flow exists from two existing properties (6 Suites) on the site, while you develop • #314 consists of 4 suites, 3 x 1 bedroom, 1 x 2 bedroom, all with in suite laundries= $37,000 gross rent per year • #316 consists of 2 suites, 4 bedrooms, 3 x bathrooms, 2 x kitchens, 3 x laundries. Currently occupied by the owner with a potential for another $25,000 gross rent per year. • 8 x existing parking stalls with potential revenue of $150per month per stall. • New roofs in 2016 • New hot water tanks • Separately metered utilities to all suites Tours of the property subject to a conditionally accepted offer.


Property TypeLand / Multifamily
Floors3
Building Size3,706 ft²
Lot Size0.24 AC

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