Data was last updated 2023-11-05 at 18:00:03 GMT
$1,148,800

1427 37 Street SW   Calgary, Alberta

MLS®: A2031880
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Attention smart investors, opportunity is knocking!
        Two 4-plex buildings shoulder by shoulder, priced at $1,148,800 (1427) and $1,150,000 (1423); 1423 is listed separately, but preferably selling together with 1427. Right across from the Westbrook Mall in the sought-after community of Rosscarrock, Right on 37 Street SW, a block north of 17th Avenue. Near Rosscarock LRT Station and the newly opened library (walking distance), minutes? drive to downtown. Close to parks, shopping, and all amenities. 
       Great development potential. The combined dimension of these two lots is 30.42 meters wide and 38.11 meters deep, making up an area of 1159 square meters (12475.3 square feet). This area is big enough to build up to 30 plus condo units, with maximum floor area ratio of 2.5 and the maximum building height of 16 meters above grade.
       Each building has its own title. Each consists of 4 units: three 2-bedroom apartments and one 1-bedroom apartment, with laundry in suite. Currently, all 4 units of each building are rented with combined rent of $4800/month, or with the current market potential of around $6000/month. Tenants would like to stay after ownership changes.
Attention smart investors, opportunity is knocking! Two 4-plex buildings shoulder by shoulder, priced at $1,148,800 (1427) and $1,150,000 (1423); 1423 is listed separately, but preferably selling together with 1427. Right across from the Westbrook Mall in the sought-after community of Rosscarrock, Right on 37 Street SW, a block north of 17th Avenue. Near Rosscarock LRT Station and the newly opened library (walking distance), minutes? drive to downtown. Close to parks, shopping, and all amenities. Great development potential. The combined dimension of these two lots is 30.42 meters wide and 38.11 meters deep, making up an area of 1159 square meters (12475.3 square feet). This area is big enough to build up to 30 plus condo units, with maximum floor area ratio of 2.5 and the maximum building height of 16 meters above grade. Each building has its own title. Each consists of 4 units: three 2-bedroom apartments and one 1-bedroom apartment, with laundry in suite. Currently, all 4 units of each building are rented with combined rent of $4800/month, or with the current market potential of around $6000/month. Tenants would like to stay after ownership changes.

Listing Information

Prop. Type:
Multi Family (Commercial)
Status:
Active
City:
Calgary
Neighbourhood:
Rosscarrock
Area:
Calgary
Province:
Alberta
MLS® Number:
A2031880
Listing Price:
$1,148,800

General Information

Year Built:
1960

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This property is listed by Homecare Realty Ltd. and provided here courtesy of Carmen Paradis. For more information or to schedule a viewing please contact Carmen Paradis.
Carmen Paradis
RE/MAX real estate central
Phone: 4037038516
Mobile Phone: 4037038516
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.