617 1 Ave NE
1 Ave NE, Northwest Calgary, Calgary, AB, T2E 0B5
Quick Summary
Quick Summary
- Prime, full-duplex with incredible development potential
- Zoned MU-2 for commercial or mixed-use opportunities
- Ideal location for Airbnb with strong income potential
- Perfect for rooming house business near university
- Substantial annual rental income from four units
- One side already renovated, preview of potential
- Recent upgrades to windows, doors, roof, and water heater
- Two low-cost parking spaces available
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... Show More
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:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
4pc Bathroom
9′2″ x 5′8″
Furnace
8′4″ x 2′4″
Storage
9′7″ x 9′6″
4pc Bathroom
10′5″ x 8′11″
Other
10′4″ x 10′1″
Storage
8′10″ x 9′1″
Ownership Details
Ownership
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For Sale Nearby
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