$750,000
Residential · MLS® A22755751Bedrooms
1Bathrooms
950Sq Ft
2Garage
1908Year Built
02 / Overview
PROPERTY OVERVIEW
FANTASTIC opportunity to acquire a well-located development site in Calgary’s evolving inner-city community of Ramsay. Located at 1123/1125 8 Street SE, this 33x148 site(both together - 66x148) features newly approved HGO (Housing – Grade-Oriented) zoning and a preliminary design for a 28-unit multi-family project as supported by the City. Seller would prefer both sold together or may consider seperate sales. City planning meetings have been completed and are supportive, with development approval drawings able to be prepared quickly for...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area950 sq ft
Lot Size4,908 sq ft
ZoningH-GO
HeatingOther
CoolingNone
ParkingOff Street
ExteriorNone
BasementNone
Year Built1908
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$1,611After mortgage & expenses
Cap Rate1.9%Based on market rents
Cash on Cash Return-12.9%With 20% down payment
Est. Monthly Rent$1,713Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
RAMSAY
Moderate InvestmentLoading map...
Investment Score70/100
Avg Home Price$1.1M
Active Listings8
Listed by Mike Dreger · Century 21 Bamber Realty LTD.