Calgary, AB T2R 1A1,1111 7 ST Southwest
Calgary, AB T2R 1A1,1111 7 ST Southwest
Calgary, AB T2R 1A1,1111 7 ST Southwest
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$1,764,000
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3,509 Sqft Lot
Active

1111 7 ST Southwest Calgary, AB T2R 1A1

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UPDATED:

09/05/2024 07:20 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Beltline

MLS® Listing ID A2160908

Year Built 1911

Lot Size 3,509 Sqft

Acres 0.08

Property Description

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.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning CC-X

Building

Dwelling Type Mixed Use

Others

Restrictions None Known

Tax ID 91663229


Listed by Top Producer Realty and Property Management

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Brett Wellman

Broker | cwellmbrcwellmbr

+1(403) 453-3343

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1111 7 ST Southwest