CIR REALTY

617 1 Avenue NE , Calgary, 0046 ,T2E 0B5 ; Listing Number: MLS A2177456

617 1 Avenue NE

Calgary

Update on 2023-07-04 10:05:04 AM

ACTIVE

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$ 799,900

BEDROOMS

5 + 0

BATHROOMS

2720

SQUARE FEET

1921

YEAR BUILT

MLS® Number

A2177456

PROPERTY TYPE

Residential

LISTING DATE

2024-11-08

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?

(403) 271-0600

COMMUNITY	Bridgeland/Riverside
TYPE	Residential
STYLE	TSTOR, SBS
YEAR BUILT	1921
SQUARE FOOTAGE	2719.6

BEDROOMS	8
BATHROOMS	5
BASEMENT	Finished, Full Basement
FEATURES

GARAGE	No
PARKING	Off Street
ROOF	Asphalt Shingle
LOT SQFT	262

ROOMS	DIMENSIONS (m)	LEVEL
Master Bedroom	2.49 x 4.57	Upper
Second Bedroom	2.44 x 2.51	Main
Third Bedroom	2.77 x 3.12	Main
Dining Room	3.58 x 3.45	Main
Family Room	2.21 x 6.20	Basement
Kitchen	2.82 x 2.34	Upper
Living Room	3.48 x 3.07	Main