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Price Reduction
Listing Provided Courtesy Of:
CIR REALTY
Address
1111 7 Street SW Calgary, AB
Price
$ 1,750,000
Property Attributes
  • ID#A1108971
  • TypeCommercial
  • CityCalgary
  • AreaCalgary - Zone CC
  • NeighbourhoodBeltline
  • Postal CodeT2R 1A1
  • StyleBusiness
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,509 SqFt
Listing Provided Courtesy Of:
CIR REALTY
Data Source:
Pillar 9 MLS System
Property Description

Attention investors!! Great opportunity to own land + building in the bustling Beltline area on 11th Ave and 7th St SW, and inherit great long-term tenant who DURING COVID still paid their rent on time. The current lease expires on Jan 31, 2027 with 5-year option to renew and the rent is $6,000/month triple net. Comes with 6 parking stalls. The main floor is 956 sqft; second floor is 714 sqft; basement is 803 sqft and the sun room is 169 sqft, for a total of 2,642 sqft usable space. There were over $240k of upgrade, renovation and reinvestment into the building between 2014 and 2020. new roof in 2014- $20k, brand new sunroom in 2014- $50k, repaved north side parking in 2014, Major renovations on the interiors in 2018- $120k and interior re-design, electrical upgrade, new hot water tank in 2019- $50k. A truly great piece of real estate to add to your portfolio with stable and worry-free tenants. The current tenant is the highly rated and well received vegan restaurant who opened business just before the pandemic hit and against all odds, their business thrived during the pandemic, never missed any rent and managed to expand to a second location during this tumultuous time. Potential to expand and build a high-rise building if combined with other parcel. *Please do not approach tenant or staff and redirect all your questions about this building to the listing agent. Thank you very much for your cooperation.

Price History
5/18/2021 Listed $1,800,000
6/8/2021 3% - $1,750,000

General Features

District CAL Zone CC
Parking Total 6
Property SubType Business
Property Type Commercial
Structure Type Mixed Use
Subdivision Name Beltline
Transaction Type For Sale
Zoning CC-X

Interior Features

Below Grade Finished Area 0.00
Building Area Total Metres 245.45
Building Area Total Sf 2642.00
Main Level Areas SquareFeet
Main Level Finished Area 0.00
Main Level Finished Area Metres 0.00
Main Level Finished Area Sf 0.00
Main Level Finished Area Srch Sq 0.00

Exterior Features

Public Remarks Attention investors!! Great opportunity to own land + building in the bustling Beltline area on 11th Ave and 7th St SW
Building Area Total 2642.00
Lot Size Acres 0.08

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in T2R 1A1

Price
AVG $1.75M
$1.75M
Visits
AVG 119
37
Year Built
AVG 1911
1911

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