JV Realty

Jonathan Varkey REALTOR®

(587) 436-4289

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617 1 Avenue NE, Calgary, Alberta

$799,900

8 Beds
5 Baths
2,720 Square Feet

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? (id:23309)

Listing ID: A2177456
Property Type: Multi-family
Year Built: 1921

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	5.67 Ft x 9.17 Ft
Furnace	Basement	2.33 Ft x 8.33 Ft
Storage	Basement	9.50 Ft x 9.58 Ft
4pc Bathroom	Basement	8.92 Ft x 10.42 Ft
Other	Basement	10.08 Ft x 10.33 Ft
Storage	Basement	9.08 Ft x 8.83 Ft
Furnace	Basement	8.25 Ft x 19.33 Ft
Other	Basement	10.83 Ft x 10.75 Ft
Family room	Basement	7.25 Ft x 20.33 Ft
Office	Main level	5.58 Ft x 8.92 Ft
Living room	Main level	11.83 Ft x 11.83 Ft
Kitchen	Main level	9.33 Ft x 10.25 Ft
Bedroom	Main level	8.00 Ft x 8.25 Ft
Dining room	Main level	11.75 Ft x 11.33 Ft
Other	Main level	5.50 Ft x 4.58 Ft
Other	Main level	13.75 Ft x 13.33 Ft
Laundry room	Main level	4.08 Ft x 2.58 Ft
3pc Bathroom	Main level	5.00 Ft x 6.17 Ft
Bedroom	Main level	9.08 Ft x 10.25 Ft
Living room	Main level	11.42 Ft x 10.08 Ft
Other	Main level	5.58 Ft x 4.58 Ft
Kitchen	Upper Level	9.17 Ft x 7.67 Ft
Bedroom	Upper Level	7.83 Ft x 15.00 Ft
Primary Bedroom	Upper Level	8.00 Ft x 15.00 Ft
Bedroom	Upper Level	9.50 Ft x 10.67 Ft
4pc Bathroom	Upper Level	5.00 Ft x 7.00 Ft
Bedroom	Upper Level	9.58 Ft x 10.75 Ft
Bedroom	Upper Level	7.83 Ft x 15.08 Ft
Primary Bedroom	Upper Level	8.17 Ft x 15.00 Ft
Kitchen	Upper Level	9.25 Ft x 7.67 Ft
4pc Bathroom	Upper Level	5.08 Ft x 6.92 Ft

Details

Amenities Nearby: Schools, Shopping
Features: PVC window, No neighbours behind, No Smoking Home
Ownership: Freehold
Parking Spaces: 2
Plan: 3770K
Structure: None
Transaction: For sale
Zoning Description: MU-2

Building

Appliances: Washer, Refrigerator, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 8
Constructed Date: 1921
Constructed Material: Wood frame
Construction Style Attachment: Attached
Cooling: None
Exterior Finish: Brick, Stucco
Fireplace Present: False
Flooring: Carpeted, Ceramic Tile, Hardwood, Laminate
Foundation: Poured Concrete
Bathrooms (Total): 5
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2719.6 sqft
Stories Total: 2
Total Finished Area: 2719.6 sqft

Land

Amenities: Schools, Shopping
Fence: Fence
Size Frontage: 15.26 m
Size Irregular: 261.86
Size Total: 261.86 m2|0-4,050 sqft

Listing provided by Homecare Realty Ltd.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 617 1 Avenue NE in Calgary Ontario. It was last modified on November 8th, 2024. Contact Jonathan Varkey to schedule a viewing or to discover other Calgary real estate for sale.

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