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

GREAT CAP RATE IN THIS MARKET! Solid building with potential to bump up rents - THIS PROPERTY GENERATES $113,760 per year!! 9 units(6-1beds and 3-2beds) with a massive 1400 square foot plus basement unit built on top of the garage with it's own private balcony and garage that used to be the owner's suite. Roof, Windows and Boiler all renovated within the last 10 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/flip/bump up cash flow and potential re development.