1227 13 Avenue SW, Calgary, AB T3C0T2
1227 13 Avenue SW, Calgary, AB T3C0T2
1227 13 Avenue SW, Calgary, AB T3C0T2
1227 13 Avenue SW, Calgary, AB T3C0T2
1227 13 Avenue SW, Calgary, AB T3C0T2
1227 13 Avenue SW, Calgary, AB T3C0T2
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Gary Basra

Gary Basra

+1(403) 919-3525
$ 819,000
Est. payment | /mo

10 Beds

3 Baths

1,620 SqFt

Save
$ 819,000
Est. payment | /mo
Save

10 Beds

3 Baths

1,620 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1620

Square Footage 1,620 sqft

Price per Sqft $505

Subdivision Beltline

MLS® Listing ID A2308726

Bedrooms 10

Year Built 1912

Lot Size 3,261 Sqft

Acres 0.07487293

Property Sub-Type Freehold

Property Description

INVESTORS! This is a rare opportunity to acquire a centrally located, income-generating property in Calgary's Beltline with significant upside for future redevelopment. Zoned CC-MH (Centre City Multi-Residential High-Rise District) under Land Use Bylaw 1P2007, the property is designated for high-density multi-residential development, positioning it as a strategic long-term investment in one of the city's most active growth areas.Currently operating as a well-maintained rooming house, the property is configured to maximize rental income with ten private rooms, each individually leasable. This setup supports consistent cash flow and strong occupancy potential, driven by ongoing demand for affordable inner-city housing. Its proximity to downtown, transit, employment hubs, and everyday amenities further strengthens its appeal to tenants and contributes to stable rental performance.Each floor is equipped with a shared kitchen and washroom, and the building has been upgraded to meet City bylaws, offering a compliant and turnkey operation for investors. The efficient layout and established rental model allow for immediate revenue generation with minimal operational barriers.This property is ideally suited for investors seeking dependable income today while holding a high-value redevelopment asset for the future. With CC-MH zoning and a prime Beltline location, it presents a compelling combination of cash flow and long-term appreciation potential in Calgary's urban core.An exceptional opportunity to secure a high-yield asset with redevelopment flexibility in one of Calgary's most in-demand rental markets. (id:24570)

Location

State AB

Rooms

Kitchen 0.0

Extra Room 1 Lower level 7.08 Ft x 4.83 Ft Other

Extra Room 2 Lower level 4.33 Ft x 11.92 Ft 4pc Bathroom

Extra Room 3 Lower level 9.17 Ft x 9.75 Ft Bedroom

Extra Room 4 Lower level 7.42 Ft x 10.83 Ft Bedroom

Extra Room 5 Lower level 9.50 Ft x 8.25 Ft Bedroom

Extra Room 6 Lower level 9.33 Ft x 13.25 Ft Bedroom

Interior

Heating Central heating

Cooling None

Flooring Hardwood, Linoleum

Exterior

Parking Features No

Fence Fence

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Listed by 2% Realty

Nearby Locations

Gary Basra

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 919-3525

gary@realtyinvestment.ca

1210 20 Ave SE, Calgary, T2G, 3G2, Canada

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1227 13 Avenue SW