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Home AB Greater Calgary Calgary Bridgeland-Riverside
617 1 Avenue NE
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617 1 Avenue NE $799,900
$799,900
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617 1 Avenue NE
Calgary, Alberta T2E0B5

MLS® Number: A2177456
8
Bedrooms
5
Bathrooms
2720
Square Feet

Listing Description

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? (29807845)

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
2720 sqft
Community Name
Bridgeland/Riverside
Subdivision Name
Bridgeland/Riverside
Title
Freehold
Land Size
261.86 m2|0-4,050 sqft
Built in
1921
Annual Property Taxes
$3,907.88
Parking Type
Other
Time on REALTOR.ca
9 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
5
Partial
0
Interior Features
Appliances Included
Washer, Refrigerator, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
Flooring
Carpeted, Ceramic Tile, Hardwood, Laminate
Basement Type
Full (Finished)
Building Features
Features
PVC window, No neighbours behind, No Smoking Home
Foundation Type
Poured Concrete
Style
Attached
Construction Material
Wood frame
Structures
None
Total Units
2
Heating & Cooling
Cooling
None
Heating Type
Forced air, (Natural gas)
Exterior Features
Exterior Finish
Brick, Stucco
Neighbourhood Features
Amenities Nearby
Schools, Shopping
Parking
Parking Type
Other
Total Parking Spaces
2

Measurements

Square Footage
2720 sqft
Total Finished Area
2720 sqft

Rooms

MetricImperial
Main level
Office
Living room
Kitchen
Bedroom
Dining room
Other
Other
Laundry room
3pc Bathroom
Bedroom
Living room
Other
Basement
4pc Bathroom
Furnace
Storage
4pc Bathroom
Other
Storage
Furnace
Other
Family room
Upper Level
Kitchen
Bedroom
Primary Bedroom
Bedroom
4pc Bathroom
Bedroom
Bedroom
Primary Bedroom
Kitchen
4pc Bathroom

Land

Lot Features
Fencing
Fence
Frontage
15.26 m
Other Property Information
Zoning Description
MU-2
Data provided by: Pillar 9™

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