1405 17 Avenue NW, Calgary, AB, T2M 0R4

MLS® # A2312262

Commercial For Sale In Capitol Hill, Calgary, Alberta

$3,890,000

None Beds

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1405 17 Avenue NW, Calgary, AB, T2M 0R4

$3,890,000

Property Information:

Rarely does an opportunity like this come to market. Proudly offered for sale for the first time by the original owner, this well-maintained 18-unit apartment building is ideally situated on a prominent corner lot in the highly sought-after community of Capitol Hill. Featuring MC-2 zoning, the property offers exceptional long-term redevelopment potential while generating stable income today. The four-storey walk-up consists of 18 upgraded suites, including fourteen one-bedroom, one-bathroom units (approximately 545 sq. ft.) and four two-bedroom, one-bathroom units (approximately 645 sq. ft.). Each suite is individually metered for electricity, providing operational efficiency and reduced landlord expenses. Significant capital improvements include a new torch-on roof completed in 2024, new security doors and intercom system installed in 2022, roughed-in Telus fibre-optiks, and security camera coverage throughout the building, including all floors and entry points. Additional revenue is generated through the on-site coin-operated laundry facilities. Each unit comes with an outdoor parking stall (3 are covered) and exterior plug-in. Ideally located just minutes from SAIT, the Jubilee Auditorium, Alberta University of the Arts, North Hill Centre, LRT, schools, shopping, restaurants, and countless amenities, this property benefits from strong tenant demand and excellent accessibility. Whether you’re seeking a turnkey multi-family investment, a long-term hold in one of Calgary’s most desirable inner-city communities, or a strategic redevelopment opportunity, this exceptional Capitol Hill asset offers the perfect combination of LOCATION, STABILTY and FUTURE UPSIDE.

Inclusions: 18 Stoves, 18 Fridges

Property Features:

Built in: 1969
Construction Materials: Brick, Concrete
Cooling: None
Floor Space (approx): 11155.06 Square Feet
Foundation Details: Poured Concrete
Heating: Boiler, Natural Gas
Lot Size: 10796.00 Square Feet
Roof:
Zoning: M-C2

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Kevin MacMillan

Royal LePage Mission Real Estate *

Mobile:403.616.8954

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Brittney MacMillan

Royal LePage Mission Real Estate *

Mobile:403.472.6919

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Market Price Trends

Single family detached

4.06%

Price change (1 year)

40.32%

Price change (5 years)

All Properties

4.87%

Price change (1 year)

40.26%

Price change (5 years)

Location of 1405 17 Avenue NW, Calgary, AB, T2M 0R4

Lifestyle
Neighbourhood

Demographic Information of 1405 17 Avenue NW, Calgary, AB, T2M 0R4

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$174,661.59

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.67 %

High school certificate or equivalent

22.99 %

Apprenticeship trade certificate/diploma

4.79 %

College/non-university certificate

15.14 %

University certificate (below bachelor)

1.91 %

University Degree

48.49 %

Commuter

Travel To Work

By Car

66.21 %

By Public Transit

17.13 %

By Walking

8.07 %

By Bicycle

3.99 %

By Other Methods

4.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.88 %

Houses

59.12 %

Own Vs. Rent

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1405 17 Avenue NW, Calgary, AB, T2M 0R4 $3,890,000 MLS® # A2312262