Data was last updated 2024-12-03 at 08:50:07 GMT
$1,680,000

1046 8 Street SE   Calgary, Alberta

MLS®: A2178071
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UPDATED CASH FLOW:  Please see Cash flow in pictures and Supplements.  A rare opportunity indeed, this 66? x 117? property (7,722 sq. ft.) is in a prime position in the heart of one of Calgary?s most active inner-city districts. The sale price includes both 1046 and 1048 ? 8th Street SE. 
PLEASE DO NOT BOTHER TENANTS OR PHYSICALLY ACCESS THE PROPERTY FOR TOURS OR SHOWINGS WITHOUT PERMISSION. SHOWNGS WILL BE PROVIDED AFTER A CONDITIONAL OFFER IS ACCEPTED.
The property offers a mix of CN-1 Commercial Zoning and RCG multi residential zoning. Although the potential for a great mixed-use development is primarily the standout benefit to this property there is also the opportunity for a buyer/investor to simply purchase the properties and continue to operate as a commercial investment property.  The main floor restaurant space is fully appointed with equipment for an easy transition to a new tenant but there?s also a great owner/user opportunity with the additional commercial and residential tenants supplementing income.  Full equipment list provided on request.
The 3 bedroom, 2 full bathroom  house, located on the North portion of the property is currently furnished and rented to three University student who are paying full market rents and 2/3rds of the utility costs. The residential property was renovated in 2018 with new electrical and plumbing included.  The commercial retail space above the restaurant is leased to  a thriving neighborhood cannabis shop also at a full market rent.  There is a newer transformer located on the property that should be sufficient to supply service to a new development. (To Be Verified).
Ramsay is a hidden Gem in the city that offers both stable and secure investment and a quiet residential location that is rapidly transitioning along with the amazing developments that are just blocks away surrounding the new Flames arena/Entertainment District, BMO Centre, and Stampede Park.  This property boasts one of the highest walk scores in the city at 98 out of 100. As a bonus, Red?s Diner, directly across the street, is a destination that draws 100,000 customers per year to this location.  Come join the amazing neighborhood of Ramsay.  You?ll be glad you did.
UPDATED CASH FLOW: Please see Cash flow in pictures and Supplements. A rare opportunity indeed, this 66? x 117? property (7,722 sq. ft.) is in a prime position in the heart of one of Calgary?s most active inner-city districts. The sale price includes both 1046 and 1048 ? 8th Street SE. PLEASE DO NOT BOTHER TENANTS OR PHYSICALLY ACCESS THE PROPERTY FOR TOURS OR SHOWINGS WITHOUT PERMISSION. SHOWNGS WILL BE PROVIDED AFTER A CONDITIONAL OFFER IS ACCEPTED. The property offers a mix of CN-1 Commercial Zoning and RCG multi residential zoning. Although the potential for a great mixed-use development is primarily the standout benefit to this property there is also the opportunity for a buyer/investor to simply purchase the properties and continue to operate as a commercial investment property. The main floor restaurant space is fully appointed with equipment for an easy transition to a new tenant but there?s also a great owner/user opportunity with the additional commercial and residential tenants supplementing income. Full equipment list provided on request. The 3 bedroom, 2 full bathroom house, located on the North portion of the property is currently furnished and rented to three University student who are paying full market rents and 2/3rds of the utility costs. The residential property was renovated in 2018 with new electrical and plumbing included. The commercial retail space above the restaurant is leased to a thriving neighborhood cannabis shop also at a full market rent. There is a newer transformer located on the property that should be sufficient to supply service to a new development. (To Be Verified). Ramsay is a hidden Gem in the city that offers both stable and secure investment and a quiet residential location that is rapidly transitioning along with the amazing developments that are just blocks away surrounding the new Flames arena/Entertainment District, BMO Centre, and Stampede Park. This property boasts one of the highest walk scores in the city at 98 out of 100. As a bonus, Red?s Diner, directly across the street, is a destination that draws 100,000 customers per year to this location. Come join the amazing neighborhood of Ramsay. You?ll be glad you did.

Listing Information

Prop. Type:
Mixed Use (Commercial)
Status:
Active
City:
Calgary
Neighbourhood:
Ramsay
Area:
Calgary
Province:
Alberta
MLS® Number:
A2178071
Listing Price:
$1,680,000

General Information

Year Built:
1913

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This property is listed by D.c. & Associates Realty and provided here courtesy of Carmen Paradis. For more information or to schedule a viewing please contact Carmen Paradis.
Carmen Paradis
RE/MAX real estate central
Phone: 4037038516
Mobile Phone: 4037038516
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.