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

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