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$ 2,600,000
905 Mckinnon DR NE Calgary, AB T2E 6A6
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$ 2,600,000
Est. payment | /mo
7,287 Sqft Lot
$ 2,600,000
Est. payment | /mo
7,287 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Mayland Heights
MLS® Listing ID A2123733
Originating Board Calgary
Year Built 2010
Annual Tax Amount $6,637
Tax Year 2023
Lot Size 7,287 Sqft
Acres 0.17
Property Description
Built in 2010, this is a superior building in both quality and design throughout. Offering 5 premium two-bedroom units and a 6th office/boardroom space of approx. 700 SqFt (that could be converted to a large studio 1 bedroom suite), this corner lot building sides on to an alley and back feeder lane, has dedicated parking stalls, and a garage for the luxury oversized owners suite - which occupies the majority of the top floor. Beautiful aesthetics include stucco finish with stone and wood accents, multi-chambered pvc windows and thoughtful landscaping including a stamped concrete walkway to the covered entrance. Current design allows for top floor owner suite with adjacent private office space, or slight redesign the office to generate more tenant revenue which could easily command an additional $1500/mo. Two walkout units enjoy large windows and generous proportions with 9ft ceilings. The main floor units, with 8ft ceilings, offer slightly higher specifications, with engineered flooring and fireplace(s). The 2nd level 'owners' suite is very well appointed with PRIVATE ELEVATOR to the garage, 2bds and an additional flex room, granite countertops, vaulted ceilings and substantial windows, offering excellent views of the west rear exposure to the mountains. All units have central A/C. Located in the established and stable community of Mayland Heights, near schools, just west of Barlow Trail and 5Kms from the International Airport. With property values and rents increasing due to unprecedented demand, this premium building is both underutilized and could easily benefit from significantly updated rents. Operating expenses of approx. $53000 and total income possible from $145000 to $185000, this is an excellent stable & enduring value for the discerning investor. Proforma attached in supplements along with building drawings, RPR etc. Rents are slowly being increased as they have been under market rates, and are being brought into more appropriate rates. Flexible possession is available with leases assumed.
Location
State AB
County Calgary
Area Cal Zone Ne
Zoning M-C1
Interior
Heating Fan Coil, Natural Gas
Cooling Central Air
Inclusions Fridges x5, Dishwasher x5, Stove x5, Hood fan x5, Washer/Dryer x5, Central A/C unit(s), Garage Opener.
Exterior
Roof Type Asphalt Shingle
Lot Frontage 112.14
Total Parking Spaces 8
Building
Lot Description Sloped Down
Foundation Poured Concrete
Structure Type Stone,Stucco,Wood Frame
Others
Restrictions Airspace Restriction
Tax ID 82667957
Ownership Private
Listed by Sotheby's International Realty Canada
