For Sale: 1405 17 Avenue NW, Calgary, AB - REW
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$3,890,000
0 bd • ba • 9591 sf • Multifamily
1405 17 Avenue NW
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$3,890,000
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1405 17 Avenue NWCalgary, AB, T2M 0R4

Capitol Hill
  • 0 Bed
  • Bath
  • 9591 Sqft
  • Multifamily

About this home

Rarely does an opportunity like this come to market. Proudly offered for sale for the first time by the original owner, this well-maintained 18-unit apartment building is ideally situated on a prominent corner lot in the highly sought-after community of Capitol Hill. Featuring MC-2 zoning, the property offers exceptional long-term redevelopment potential while generating stable income today. The four-storey walk-up consists of 18 upgraded suites, including fourteen one-bedroom, one-bathroom units (approximately 545 sq. ft.) and four two-bedroom, one-bathroom units (approximately 645 sq. ft.). Each suite is individually metered for electricity, providing operational efficiency and reduced landlord expenses. Significant capital improvements include a new torch-on roof completed in 2024, new security doors and intercom system installed in 2022, roughed-in Telus fibre-optiks, and security camera coverage throughout the building, including all floors and entry points. Additional revenue is generated through the on-site coin-operated laundry facilities. Each unit comes with an outdoor parking stall (3 are covered) and exterior plug-in. Ideally located just minutes from SAIT, the Jubilee Auditorium, Alberta University of the Arts, North Hill Centre, LRT, schools, shopping, restaurants, and countless amenities, this property benefits from strong tenant demand and excellent accessibility. Whether you’re seeking a turnkey multi-family investment, a long-term hold in one of Calgary’s most desirable inner-city communities, or a strategic redevelopment opportunity, this exceptional Capitol Hill asset offers the perfect combination of LOCATION, STABILTY and FUTURE UPSIDE. (id:63626)
Listed by: Kevin MacMillan, Associate, Royal LePage Mission Real Estate

Home facts and features

Price details
List Price
$3,890,000
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Gross Taxes for 2025
$20,951
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
27 ft x 0 ft (10796 ft²)
Depth
Frontage
27.42 meters
Year Built
Built in 1969 (57 yrs old)
Exterior Finish
Concrete, Brick, Poured concrete
Heating Type
Natural gas
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Mission Real Estate
Secondary Agent
Secondary Broker
Royal LePage Mission Real Estate
Listing details
Days on REW
1 Day
MLS® Number
A2312262
Source
Canadian Real Estate Association
Board
Calgary Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

King George School
  • n/a
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  • In Catchment
Project Trust
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  • In Catchment
Rosedale School
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  • In Catchment
Capitol Hill School
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Hillhurst School
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  • In Catchment
École St. Pius X School
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Rosemont School
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Branton School
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Queen Elizabeth High School
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Briar Hill School
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Call Agent
Kevin MacMillan
Phone:
(403) 270-2020
Office:
403-457-4292
Brittney MacMillan
Phone:
(403) 270-2020
Office:
403-457-4292
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