111 23 Avenue Sw, Calgary, Alberta

$2,350,000

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0.15

Acres

About 111 23 Avenue Sw

Once in a lifetime opportunity to own this entire 4 story, 11 unit building located in the heart of Mission, just steps away from Elbow River! Hidden amongst the trees and surrounding high-rises, the location of this property is incredibly quiet at the very East end of 23rd Avenue SW. The hustle and bustle of downtown is almost non-existent in this little pocket of the city centre, but restaurants and amenities of Mission and 17th Ave are literally at your doorstep. The building has 3 two bedroom units and 8 one bedroom units. Loved and appreciated by the same owner for the last 20 years and long-term tenants, current rent is below market, but projected monthly rental income is over $12,000. The building sits on a 6501 sqft lot with the potential for redevelopment. Renovations and updates have been made to units on an ongoing basis. The building has also had recent upgrades & improvements to the parkade, and new exterior stucco, New roof in 2022, windows and patio doors in 2021. The boiler system and Hot water heater were replace in 2013. This property must be seen to realize its true potential and to see how special it really is. Don't miss out on this opportunity - call today! The roll roll and borchure are in the supplements.

Features of 111 23 Avenue Sw

MLS® # A1238944
Price $2,350,000
Bathrooms 0.00
Acres 0.15
Year Built 1971
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 111 23 Avenue Sw
Subdivision Mission
City Calgary
County Calgary
Province Alberta
Postal Code T2S 0H9
District Zone CC

Amenities

Parking Spaces 11
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Boiler
Cooling None
Fireplace No
Has Basement No

Exterior

Lot Description Back Lane, Low Maintenance Landscape, City Lot, Level, Paved, Street Lighting, Treed
Roof Flat
Construction Stucco, Wood Frame, Brick
Foundation Poured Concrete

Additional Information

Date Listed July 13th, 2022
Days on Market 140
Zoning DC pre 1P2007
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHOMECARE REALTY LTD.

Listing Map

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