617 1 Avenue NE
Calgary
T2E 0B5
$799,900
Residential
beds: 8
baths: 5.0
2,720 sq. ft.
built: 1921
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2177456
- Bedrooms:
- 8
- Bathrooms:
- 5
- Year Built:
- 1921
- Photos (50)
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Attention, Investors! Don’t miss this prime, full-duplex with incredible potential. Featuring four kitchens, five bathrooms, and eight bedrooms across four complete units, this property, though older, remains in good condition.
Key Features to Note:
1. Zoning: The property is zoned as MU-2, allowing for commercial or mixed-use residential and commercial development, making it highly attractive for potential development.
2. Ideal for Short-Term Rentals: Its excellent location makes it ideal for Airbnb, offering strong income potential.
3. Perfect for Rooming House Business: With two bus routes directly to the University of California right by the property, it is also perfect for a rooming house operation.
4. Rental Income Potential: For those seeking a quieter investment, you can split them into two larger ones or lease all four units, both options providing substantial annual rental income.
Recent Updates and Improvements: One side of the duplex has already been renovated, offering a preview of the potential transformation for the other side. Additionally, the current owner has made several upgrades, including newer windows, doors, roof, and basement water heater.
Please note: all appliances and items within the property are sold “AS IS, WHERE IS.” There are also two low-cost parking spaces available in front of the property.
For a property with immense future development potential and strong immediate rental returns, It’s truly a cash cow! investors—what are you waiting for?
- Property Type:
- Residential
- Property Sub Type:
- Full Duplex
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Suite:
- Suite - Illegal
- Home Style:
- 2 Storey, Side by Side
- Total Living Area:
- 2,719.6 sq. ft.
- Main Level Finished Area:
- 1,359.8 sq. ft.
- Upper Level Finished Area:
- 1,359.8 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 942.6 sq. ft.
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 2,818 sq. ft.
- Lot Frontage:
- 50'1"
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Front Exposure:
- North
- Reg. Size:
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- Reg. Size Includes:
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- Entry Level:
- 1
- Levels:
- Two
- End Unit:
- 1 Common Wall
- Total Rooms Above Grade:
- 16
- Year built:
- 1921 (Age: 103)
- Bedrooms:
- 8 (Above Grd: 8)
- Bedrooms Above Grade:
- 8
- Bedrooms Below Grade:
- 0
- Bathrooms:
- 5.0 (Full:5, Half:0)
- Plan:
- 3770K
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Brick, Stucco, Wood Frame
- Structure Type:
- Duplex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Ceramic Tile, Hardwood, Laminate
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- 0
- Parking:
- Off Street
- Parking Places:
- 2.0
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- In Unit
- Bridgeland/Riverside
- Range Hood, Refrigerator, Stove(s), Washer, Washer/Dryer Stacked, Window Coverings
- fridge, 2 stoves, hood fan,
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Office
- 8'11" × 5'7"
- Main Floor
- Living Room
- 11'10" × 11'10"
- Main Floor
- Kitchen
- 10'3" × 9'4"
- Main Floor
- Bedroom
- 8'3" × 8'
- Main Floor
- Dining Room
- 11'9" × 11'4"
- Main Floor
- Entrance
- 5'6" × 4'7"
- Main Floor
- Kitchen With Eating Area
- 13'9" × 13'4"
- Main Floor
- Laundry
- 4'1" × 2'7"
- Main Floor
- Bedroom
- 10'3" × 9'1"
- Main Floor
- Living Room
- 11'5" × 10'1"
- Main Floor
- Entrance
- 5'7" × 4'7"
- Upper Level
- Kitchen
- 9'2" × 7'8"
- Upper Level
- Bedroom
- 15' × 7'10"
- Upper Level
- Bedroom - Primary
- 15' × 8'
- Upper Level
- Bedroom
- 10'8" × 9'6"
- Upper Level
- Bedroom
- 10'9" × 9'7"
- Upper Level
- Bedroom
- 15'1" × 7'10"
- Upper Level
- Bedroom - Primary
- 15' × 8'2"
- Upper Level
- Kitchen
- 9'3" × 7'8"
- Basement
- Furnace/Utility Room
- 8'4" × 2'4"
- Basement
- Storage
- 9'7" × 9'6"
- Basement
- Flex Space
- 10'4" × 10'1"
- Basement
- Storage
- 9'1" × 8'10"
- Basement
- Furnace/Utility Room
- 19'4" × 8'3"
- Basement
- Flex Space
- 10'10" × 10'9"
- Basement
- Family Room
- 20'4" × 7'3"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 3
- 6'2" x 5'
- Upper Level
- No
- 4
- 7' x 5'
- Upper Level
- No
- 4
- 6'11" x 5'1"
- Basement
- No
- 4
- 9'2" x 5'8"
- Basement
- No
- 4
- 10'5" x 8'11"
- Title to Land:
- Fee Simple
- Community Features:
- Schools Nearby, Shopping Nearby
- Interior Features:
- No Smoking Home, Separate Entrance, Vinyl Windows
- Exterior Features:
- Private Yard
- Patio And Porch Features:
- None
- Lot Features:
- Corner Lot, No Neighbours Behind
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- MU-2
- Listed Date:
- Nov 08, 2024
- Days on Mkt:
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Listed by Homecare Realty Ltd.
Data was last updated November 12, 2024 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 49
- Avg list price:
- $414,900
- Min list price:
- $178,000
- Max list price:
- $2,999,900
- Avg days on market:
- 42
- Min days on market:
- 4
- Max days on market:
- 195
- Avg price per sq.ft.:
- $522.58
These statistics are generated based on the current listing's property type
and located in
Bridgeland/Riverside. Average values are
derived using median calculations.
- DAVID PELLETTIER
- RE/MAX First
- (403) 869-7971
- Contact by Email