Courtesy Of HOMECARE REALTY LTD.

1423 37 Street Sw, Calgary

$1,148,800


Attention smart investors, opportunity is knocking! Two 4-plex buildings shoulder by shoulder, priced at $1,148,800 each (1423 & 1427; 1427 is listed separately, but selling together with 1423). Right across from the Westbrook Mall in the sought-after community of Rosscarrock, Right on 37 Street SW, a block north of 17th Avenue. Near Rosscarock LRT Station and the newly opened library (walking distance), minutes’ drive to downtown. Close to parks, shopping, and all amenities. Great development potential. The combined dimension of these two lots is 30.42 meters wide and 38.11 meters deep, making up an area of 1159 square meters (12475.3 square feet). This area is big enough to build up to 30 plus condo units, with maximum floor area ratio of 2.5 and the maximum building height of 16 meters above grade. Each building has its own title. Each consists of 4 units: three 2-bedroom apartments and one 1-bedroom apartment. All units have laundry in suite. Currently, all 4 units of each building are rented with combined rent of $4800/month, or with the current market potential of around $6000/month. Tenants would like to stay after ownership changes.

Essential Information
MLS® #A2034876
Price$1,148,800
Bathrooms0.00
Acres0.14
Year Built1960
TypeCommercial
Sub-TypeMulti Family
StatusActive
Community Information
Address1423 37 Street Sw
SubdivisionRosscarrock
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT3C1S6
Interior
HeatingBaseboard
Additional Information
Date ListedMarch 25th, 2023
Days on Market76
ZoningM-C2
Listing Details
Office

Courtesy Of HOMECARE REALTY LTD.

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1427 37 Street Sw, Calgary

Courtesy Of HOMECARE REALTY LTD.
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