1726 11 Avenue SW
0.15 Acre - Calgary, Alberta T3C 0N4
Nice architectural design this 9 unit boutique apartment building in Sunalta is prime location walking distance to downtown and only half a block to the Sunalta Train Station. Lot size 50′ X 130′ Multi-Residential – High Density, Low Rise (M-H1). Built in 1980. 2 – 2 bedrooms, 6 -1 bedrooms and 1 studio apartment. The larger one bedroom units are 785 sq. ft. with open kitchens and private full length balconies. The two bedroom units are 765 sq. ft. with sunny south exposure. All kitchen have full size fridges and stoves, vented hood fans and double sinks. The storage room closets are ideal for in-suite laundry installation. Unit 5 has full size stacking washer & dryer. Immaculate laundry room on the lower floor has newer washer and dryer. The private rooftop terrace (potential for another apartment?) is huge with sunny south exposure and nice views. Well maintained shows pride of ownership, Covered parking with plug-ins and upgraded LED lighting. Paved parking with 11 parking stalls and centre storm drain manhole grills. Fully paved back lane. no muddy pothole alley here. Some upgrades include: Hot water tank 2015 – Bradford White 199,000 BTU. All roof covering replaced in 2011 – shingles and torched on membranes. All QC steel eaves trough and downspouts replaced. Soffit on roof top sun deck and east and west sides of parkade. Heavy duty 24 gauge parapet wall capping and flashing. Common area carpeting throughout 2015. Duradek low maintenance vinyl decking and 3/4″ plywood sheeting professionally installed on balconies. Boiler pump 2017 and bearing assemble 2020. Fire department Bluetooth fire dept. lock-box replaced 2020. Annual fire alarm and cross connection testing completed Nov/2020. Upgraded LED emergency exit signs. Underground utilities – no wires hanging off building. Wood frame and steel I-beam construction, concrete lower level, copper wire and copper pipe. Commercial glass store front door allows for natural light at the main entrance. No elevators to worry about, three entrances to the building facilitating social distancing. Studio apartment and lower common areas not included in RMS measurements. Fully rented – single professional tenants – one person per apartment – rents could be increased. Building is fully rented and the current rent roll is $8685/month. Previous rents $1095 – $1295/month. Currently all units including the two bedroom units are rented for only $995… lots of room to increase and achieve your required cap rate. Separately metered tenants pay for electricity, cable and internet. No smoke – no dog building. Building designed by Balbi Dorosz Architects. Blueprint/architectural drawings included. Premium location close to river pathway system, amenity rich 17th Avenue retail & entertainment district and Kensington Village. Beautiful brand new development projects under-construction on 10th Avenue. This property is perfect for discerning investors. Viewings by appointment only. Don’t miss this opportunity.