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$ 3,200,000
Est. payment | /mo
11,934 SqFt
$ 3,200,000
Est. payment | /mo
11,934 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,934 sqft
Price per Sqft $268
Subdivision Bankview
MLS Listing ID A2328941
Year Built 1956
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Multi Family
Property Description
Click brochure link for more details. A rare opportunity to acquire a 22-unit multifamily investment property in one of Calgary's most established inner-city communities. Built in 1956,Jennifer Apartments is a three-storey walk-up plus basement level,situated on an 11,934 SF site just minutes from 17th Avenue SW,Marda Loop,and downtown Calgary. The building offers a suite mix of 20 bachelor suites,one one-bedroom suite,and one non-conforming two-bedroom suite located on the lower level. Twelve surface parking stalls and on-site coin-operated laundry provide ancillary income,with further upside available through activation of currently unutilized revenue streams. The boiler has recently been inspected and is in good working condition. Tenants are responsible for electricity,while the landlord covers heat,gas,and water. This is a straightforward,operationally-driven value-add opportunity: in-place rents sit meaningfully below market,with a clear path to NOI growth through rental upside alone,before accounting for ancillary income and further repositioning potential. Bankview's tight-knit,walkable,transit-connected setting continues to draw strong and consistent demand from an urban tenant base,supporting long-term rental stability. Ideally suited for investors seeking a well-located,income-producing asset with minimal near-term capital requirements and multiple avenues for value creation.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-C2
Direction SW
Interior
Inclusions See Remarks
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions See Remarks
Listed by Honestdoor Inc.
Nearby Locations
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