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Len T. Wong
Len T. Wong
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Offered by:
RE/MAX Len T. Wong & Associates

1518, 1520, 1522 16 Ave SW
Calgary, AB
MLS# C4182727 ID: 53143548
11375 sq.ft.
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Property Description
Rare opportunity! $2,285,000 Redevelopment or holding property. (87.5x130) 11, 375 sq ft Mc-2. Ideal for townhomes or multi family with re zoning potential. Great holding property as the 3 homes have been extensively renovated from kitchens to bathroom, paint, refinished hardwood floors, laundry facilities, newer windows and screening. Lots of parking in the back and front. 1518 has monthly revenues of $50k a year. 1520 and 1522 are used as AIR BnB with a basement suite rented out monthly and both homes are generating $100k a year in revenues. Prime location for tourists and tenants. A block off 17 Ave shopping and entertainment corridor. Easy downtown access with short walk to LRT and minutes to downtown. Property has great potential for redevelopment or holding property.
Property Features
Last Updated December 10, 2018
Market Status Available
Property Type Commercial
Year Built 1912
Sq. Feet 11375