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617 1 Ave NE

1 Ave NENorthwest CalgaryCalgaryAB, T2E 0B5

8
Beds
5
Baths
2,719
Sq. Ft.
$799,900
List Price
617 1 Ave NE, Calgary, AB - 1 of 3
617 1 Ave NE, Calgary, AB - 2 of 3
617 1 Ave NE, Calgary, AB - 3 of 3
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Listed Today

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

2,719 sq. ft.
31 total rooms across 2 floors
8 Beds
8 Above Grade
5 Baths
5 Full

Parking

2 Parking Spaces
Other

Build

Year Built
1921
Model Name
-
Basement
Finished
Exterior
Brick, Stucco
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
Carpeted, Ceramic Tile, Hardwood, Laminate
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None
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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″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
A2177456
Last Updated
November 8, 2024
Brokerage
Homecare Realty Ltd.
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