Active
RAMSAY
1125 8 Street Se, Calgary, AB
$699,900
Residential · MLS® A22927961Bedrooms
1Bathrooms
710Sq Ft
2Garage
1944Year Built
02 / Overview
PROPERTY OVERVIEW
EXCEPTIONAL opportunity to acquire a well-located development site in Calgary’s evolving inner-city community of Ramsay. Located at 1125 8 Street SE, this 33’ x 148.5’ parcel (66’ x 148.5’ when assembled with 1125) features newly approved H-GO (Housing – Grade-Oriented) zoning.
A City-supported conceptual design illustrates the potential for a 28-unit multi-family development, aligning with Calgary’s inner-city densification strategy. City planning discussions have already taken place and have been supportive of redevelopment concepts, with development approval drawings able to be prepared...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area710 sq ft
Lot Size4,897 sq ft
ZoningR-CG
HeatingOther
CoolingNone
ParkingOff Street
ExteriorNone
BasementNone
Year Built1944
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$1,815After mortgage & expenses
Cap Rate1.4%Based on market rents
Cash on Cash Return-15.6%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 InvestmentLoading map...
Investment Score72/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Nadir Khan · eXp Realty