Active

INGLEWOOD

2740 16a Street Se, Calgary, AB

$593,000

Residential · MLS® A2295659
2Bedrooms
2Bathrooms
645Sq Ft
0Garage
1914Year Built
02 / Overview

PROPERTY OVERVIEW

ATTENTION BUILDERS & INVESTORS! Prime R-CG CORNER LOT in the highly sought-after community of Inglewood, an exceptional redevelopment opportunity in one of Calgary’s most desirable inner-city locations. Offering approximately 4,850+ SQ FT of land, this property presents strong potential for multi unit development, including a 3-plex style project (subject to City approval). Development drawings for a previous multi-unit project were completed for the property, providing a strong starting point for buyers who may wish to reapply for a new Development...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area645 sq ft
Lot Size4,865 sq ft
ZoningR-CG
HeatingCentral • Natural Gas
CoolingNone
ParkingOff Street
ExteriorNone
BasementFull
Year Built1914
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,411After mortgage & expenses
Cap Rate1.6%Based on market rents
Cash on Cash Return-14.3%With 20% down payment
Est. Monthly Rent$1,229Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

INGLEWOOD

Moderate Investment
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Investment Score72/100
Avg Home PriceN/A
Active ListingsN/A
Listed by PJ Saini · CalEstate Realty