$750,000

Residential · MLS® A2276037
1Bedrooms
1Bathrooms
710Sq Ft
3Garage
1944Year 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. This lot also has the potential for subdivision into 2 - 33x74 lots (east/west) with City approvals. Seller would prefer both sold together or may consider seperate sales. City planning...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area710 sq ft
Lot Size4,897 sq ft
ZoningH-GO
HeatingOther
CoolingNone
ParkingOff Street
ExteriorNone
BasementPartial
Year Built1944
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$2,031After mortgage & expenses
Cap Rate1.2%Based on market rents
Cash on Cash Return-16.2%With 20% down payment
Est. Monthly Rent$1,293Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

RAMSAY

Moderate Investment
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Investment Score70/100
Avg Home Price$1.1M
Active Listings8
Listed by Mike Dreger · Century 21 Bamber Realty LTD.