219 25 Avenue NE , Calgary

8 Bed / 5 Bath / $700,000 / MLS® Listing #:A1156509

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UNIQUE INVESTMENT OPPORTUNITY!! 3 illegal GRANDFATHERED suites EACH SIDE totalling 6 illegal suites that MUST BE PURCHASED TOGETHER next door but you can FINANCE RESIDENTIALLY. This Multi-family development has 2 separate titles for 217 & 219 sides, giving investors the option to finance residentially! Located in the PRIME area of Tuxedo Park, this development offers 6 UNITS (x3 - 2bedroom units & x3 - 3 bedroom units)!! **See below for detailed unit breakdown** With just short of $70K of NET ANNUAL INCOME and potential to increase rents, this property is perfect for holding & cash flowing or can be re-developed in the future! Well kept, clean & maintained, each of the 2nd & top floor units have a balcony and the rear of the building provides 4 parking stalls for residents! Located 5 minutes from 16th Avenue, 8 minute drive to SAIT, transit routes within walking distance and easily accessible to core downtown Calgary, this development has great appeal to students & working professionals! Unit Breakdown: 217 25 Ave NE (West Side): 217A (Top Floor) - 2 Bedrooms with 1.5 Bathrooms, 217B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms, 217C (Basement) - 2 Bedrooms with 1 full Bathroom ! 219 25 Ave NE (East Side): 219A (Top Floor) - 3 Bedrooms with 1.5 Bathrooms, 219B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms, 219C (Basement) - 2 Bedrooms with 1 full Bathroom.

Property Details

Property Type Semi Detached
Property Style 2 Storey,Side by Side
Square Feet 2097.58
Days On Our Website 34
Basement Finished,Full
Full Baths 3
Half Baths 2
Flooring Laminate,Tile
Air Conditioning None
Heating Forced Air,Natural GasForced Air,Natural Gas
Exterior Brick,See Remarks
Roof Type Asphalt Shingle
Foundation Poured Concrete
Garage Type Outside,Stall

Listing Office: RE/MAX HOUSE OF REAL ESTATE

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