Property Details for MLS® # A2177456
617 1 Avenue, Calgary
2 Storey Full Duplex for Sale
- MLS®#: A2177456
- Price: $799,900
- Bedrooms: 8
- Bathrooms: 5(full) 0(half)
- Parking: 2
- Status: Active
- Year Built: 1921
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?
Contact Dan Salloum About MLS® A2177456
Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4
property information
- Property Type: Full Duplex
- MLS®#: A2177456
- Style: 2 Storey,Side by Side
- Year Built: 1921
- Lot Shape: Corner Lot,No Neighbours Behind
- Total Floor Area: 2,720 sq.ft
Community Information
- Address: 617 1 Avenue
- Neighbourhood: Bridgeland/Riverside
- City: Calgary
- Postal Code: T2E 0B5
interior
- Included: fridge, 2 stoves, hood fan,
- Bedrooms: 8 (Bedrooms Above: 8)
- Bathrooms: Full: 5
- Rooms Above Grade: 16
- Fireplace Details: For Sale
- Basement: Finished, Full, Finished, Full
- Floor Finish: Carpet, Ceramic Tile, Hardwood, Laminate
exterior
- Exterior Features: Corner Lot, No Neighbours Behind
- Exterior Finish: Brick, Stucco, Wood Frame
- Construction: Brick,Stucco,Wood Frame
- Roof: Asphalt Shingle
- Front Exposure: N
- Frontage: 15.26M 50`1" metres
services & amenities
- Parking: Off Street (2 Total Parking Spaces)
- Heating: Forced Air,Natural Gas
- Heating: Forced Air, Natural Gas
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Homecare Realty Ltd.