217 25 Avenue NE

Semi Detached For Sale in Tuxedo Park, Calgary CC

$700,000
  • 8 Beds
  • 5 Baths
  • 2,098 Sq. Ft.
  • Built 1979
UNIQUE INVESTMENT OPPORTUNITY!! 3 GRANDFATHERED suites EACH SIDE totalling 6 illegal suites that MUST BE PURCHASED TOGETHER next door but you can FINANCE RESIDENTIALLY. This Multi-family development has 2 separate titles for 217 & 219 sides, giving investors the option to finance residentially! Located in the PRIME area of Tuxedo Park, this development offers 6 UNITS (x3 - 2bedroom units & x3 - 3 bedroom units)!! **See below for detailed unit breakdown** With just short of $70K of NET ANNUAL INCOME and potential to increase rents, this property is perfect for holding & cash flowing or can be re-developed in the future! Well kept, clean & maintained, each of the 2nd & top floor units have a balcony and the rear of the building provides 4 parking stalls for residents! Located 5 minutes from 16th Avenue, 8 minute drive to SAIT, transit routes within walking distance and easily accessible to core downtown Calgary, this development has great appeal to students & working professionals! Unit Breakdown: 217 25 Ave NE (West Side): 217A (Top Floor) - 2 Bedrooms with 1.5 Bathrooms, 217B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms, 217C (Basement) - 2 Bedrooms with 1 full Bathroom ! 219 25 Ave NE (East Side): 219A (Top Floor) - 3 Bedrooms with 1.5 Bathrooms, 219B (2nd Floor) - 3 Bedrooms with 1.5 Bathrooms, 219C (Basement) - 2 Bedrooms with 1 full Bathroom.
Address 217 25 Avenue NE
List Price $700,000
Property Type Residential
Type of Dwelling Semi Detached
Area Calgary CC
Sub-Area Tuxedo Park
Bedrooms 8
Bathrooms 5
Floor Area 2,098 Sq. Ft.
Lot Size 2992 Sq. Ft.
Year Built 1979
MLS® Number A1153312
Listing Brokerage RE/MAX HOUSE OF REAL ESTATE
Basement Area Finished, Full
Postal Code T2E 1Y2
Zoning R-C2
Site Influences Back Lane, Low Maintenance Landscape, Park, Playground, Rectangular Lot, Sidewalks, Street Lights

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Tania King & Tina Hansen

CIR REALTY

144, 1935 32Ave NE Calgary AB T2E 7C8

Office: Tania: 403-813-4448 / Tina: 403-891-9142

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