INVESTMENT PROPERTY. Leased to Calgary Board of Education till August 2028. Price: $2,500,000 (7.9% cap rate). Stable cashflow (Year 1 - $197,000) with Escalating NOI to $218,000. Redeveloping opportunity with holding income. 10,250sf - 400Amp service - 10' Drive in Door - New Roof in 2022 - Rooftop HVAC. Excellent opportunity to re-facade and flip the building around in order to take advantage of the large parking lot next door, proposed renovation drawings are available to view.

Home facts and features

Price details

List Price

$2,500,000

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Home facts

Bedrooms

Bathrooms

Property Type

House

Year Built

Built in 1981 (42 yrs old)

Heating Type

Forced Air,Natural Gas

Community

Bowness

Agent details

Primary Agent

Michael Levesque

Primary Broker

Blackstone Realty North

Listing details

Days on REW

69 Days

Property Views

MLS® Number

A2014513

Source

Pillar 9

Mortgage Calculator

4.59%
/mo
5 Year

REW Money

4.59%
/mo
5 Year

5.09%
/mo
3 Year

REW Money

5.09%
/mo
3 Year

5.69%
/mo
2 Year

REW Money

5.69%
/mo
2 Year

5.89%
/mo
1 Year

REW Money

5.89%
/mo
1 Year

5.89%
/mo
10 Year

REW Money

5.89%
/mo
10 Year

5.90%
/mo
5 Year

REW Money

5.90%
/mo
5 Year

Advertised rates are not guaranteed and the rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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