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  • * $3,690,000
  • Built1973
  • DOM141
$3,690,000

1019 7 Avenue Sw, Downtown Commercial Core in Calgary, AB

This is a Commercial Listing.

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1019 7 Avenue Sw, Downtown Commercial Core in Calgary

Capitalize on this standout investment opportunity in downtown Calgary, strategically located on 7th Avenue near the C-Train station. This property, with a 32,000 square foot building including a basement, promises a substantial 30% cap rate facilitated by the CMHC MLI Select Program and is poised for transformation into 88 affordable housing units. This addresses a critical urban housing need and offers considerable social value. We are at the final stage of securing the Development Permit, setting the stage for a swift project start. The property sits on a 12,658 square foot lot in a lively neighborhood filled with dining, shopping, and close to the tranquil Bow River Pathway. The financial viability of the renovation is significantly enhanced by the favorable mortgage insurance terms provided by the CMHC program, which boost cash flows and investment returns. With just a 5% down payment required, investors can expect a rapid return on investment, typically within one year. Priced at $3.8 million, this building is not just a financial asset but a cornerstone in the community's affordable housing strategy.

$3,690,000
1019 7 Avenue Sw, Calgary, Alberta

Essential Information

  • MLS® #A2096764
  • Price$3,690,000
  • Price per Sqft115
  • Price Per SqFt$115
  • Bathrooms0.00
  • Acres0.29
  • Year Built1973
  • TypeCommercial
  • Sub-TypeMixed Use
  • StatusActive
  • Days on Market141

Amenities

  • Parking Spaces22

Additional Information

  • ZoningDC-99D2008

Community Information

Exterior

  • Lot Size Square Feet12658.00

Listing Details

  • Listing OfficeTop Producer Realty and Property Management
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