Blog by Amit Aurora

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1610 28 Avenue SW, Calgary, Alberta

I just finished uploading this Multi Family (Commercial) for sale, 1610 28 Avenue SW, Calgary, Alberta

THIS PROPERTY GENERATES $9630.00/month!! Currently under rented! 9 units with a massive 1400 square foot unit that used to be the owner's suite. Roof, Windows and Boiler all renovated within the last 8 years. Also great opportunity for redevelopment down the road as it sits on a whopping 87.5 x 125 foot lot with a MC-1 zoning. 9 Parking stalls plus a garage for additional revenue. Opportunities like this rarely come on the market - great cash flow for holding or renovate to bump up rent and potential re development. Please see below for breakdown of expenses: $760/month - property taxes $404.37/month - insurance (probably can be lowered, current owner probably paying double what he should) $900/month - main area utilities/Enmax $160/month - waste disposal Total NOI: $7,405.63/month or $88,867.56 Annually