John Mele
RE/MAX Real Estate (central)
206, 2411 - 4TH STREET N.W., Calgary, Alberta
P: 403-284-6369
F: 403-284-4923
Email

Tuesday, June 9, 2009 - New Listing - C3382137

Just added this listing:
"No sign on property. Do not disturb tenants. Solid bungalow home with 2-one bedroom suites sitting on a 25' x 130' lot zoned MC-2 (RM-5). Must be sold with adjacent properties 1612 (mls-C3382136) and 1616 (mls-C3382134), comprising excellent development site of 75' x 130' of 9750 sq.ft. with total of 20two bedroom & 6-one bedroom suites (all well maintained, rarely vacant) generating $84,600 annual gross income (Cap-rate of 5.5%). Total asking price of $1,097,000. Excellent value and opportunity to own this great development site in downtown Calgary one block west of 14 St, that generates a solid income and a return on investment. Note-C-train station proposed 3 blocks away. Showings upon acceptable offer only. Note-square footage measurements are from City Assessment records."
   posted in Listings at Tue, 09 Jun 2009 06:00:00 -0600



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