4
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$3,650,000
Est. payment /mo
9,100 Sqft Lot
Active
Calgary, AB
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2295896
Year Built 1950
Annual Tax Amount $53,480
Tax Year 2025
Lot Size 9,100 Sqft
Acres 0.21
Lot Dimensions 65 ft wide x 140 ft deep
Property Sub-Type Business
Source Calgary
Property Description
Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning CR20-C20/R20
Exterior
Lot Frontage 65.0
Total Parking Spaces 14
Building
Lot Description City Lot, Flag Lot
Others
Restrictions None Known
Tax ID 101572007
Ownership Private
Listed by First Place Realty
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