Active
1111 7 Street SW
Calgary Alberta, T2R 1A1
$1,764,000
$667.68 per sqft
Active
2,642 sqft
Commercial
Built in 1911
Attention investors and business owners: A fantastic opportunity awaits in the thriving Beltline area at 11th Ave and 7th St SW. The existing lease is valid until January 31, 2027, with a monthly rent of $6,000 and shall be extended for a further five (5) years and expire on January 31, 2032, with the rent of $7,000 monthly plus four dedicated parking stalls. The business run by the existing tenant has obtained a high-rated review.
The property underwent significant interior renovations in 2018, totaling $120,000, followed by a redesign in 2020. An electrical upgrade and a new hot water tank, costing $50,000, were also added in 2019. This makes it an ideal investment for your real estate portfolio, featuring a history of reliable tenants, including a top-rated restaurant that has always met its rent obligations. Please avoid contacting the tenant or their staff directly. Note: GST is included in the price.
A2160908
MLSⓇ ID
August 28, 2024
Listed
December 1, 2024
Updated
Map
1111 7 Street SW
Calgary Alberta, T2R 1A1
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Other Property Details
Days on Market
94
Garage
No
View
No
County
Calgary
Pool
No
Zoning
CC-X
Listing History
Date | Event | Price |
---|---|---|
8/30/2024 | Price change | $1,764,000 5% |
Courtesy of Top Producer Realty and Property Management, Vivian Lee
Listing Contact: 403-499-8986
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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Data last updated 7:56 AM UTC, 12/1/2024