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A rare opportunity indeed, this 66’ x 117’ property (7,722 sq. ft.) is in a prime position in the heart of one of Calgary’s most active inner-city districts. The sale price includes both 1046 and 1048 – 8th Street SE. PLEASE DO NOT BOTHER TENANTS OR PHYSICALLY ACCESS THE PROPERTY FOR TOURS OR SHOWINGS WITHOUT PERMISSION. SHOWNGS WILL BE PROVIDED AFTER A CONDITIONAL OFFER IS ACCEPTED.The property offers a mix of CN-1 Commercial Zoning and RCG multi residential zoning. Although the potential for a great mixed-use development is primarily the standout benefit to this property there is also the opportunity for a buyer/investor to simply purchase the properties and continue to operate as a commercial investment property. The main floor restaurant space is fully appointed with equipment for an easy transition to a new tenant but there’s also a great owner/user opportunity with the additional commercial and residential tenants supplementing income. Full equipment list provided on request.The 3 bedroom, 2 full bathroom house, located on the North portion of the property is currently furnished and rented to three University student who are paying full market rents and 2/3rds of the utility costs. The residential property was renovated in 2018 with new electrical and plumbing included. The commercial retail space above the restaurant is leased to a thriving neighborhood cannabis shop also at a full market rent. There is a newer transformer located on the property that should be sufficient to supply service to a new development. (To Be Verified).Ramsay is a hidden Gem in the city that offers both stable and secure investment and a quiet residential location that is rapidly transitioning along with the amazing developments that are just blocks away surrounding the new Flames arena/Entertainment District, BMO Centre, and Stampede Park. This property boasts one of the highest walk scores in the city at 98 out of 100. As a bonus, Red’s Diner, directly across the street, is a destination that draws 100,000 customers per year to this location. Come join the amazing neighborhood of Ramsay. You’ll be glad you did. (id:51438)
| MLS® Number | A2178071 |
| Property Type | Other |
| Neigbourhood | Ramsay |
| Community Name | Ramsay |
| CommunicationType | Cable Internet Access |
| Plan | A2 |
| Amperage | 200 Amp Service |
| ConstructedDate | 1913 |
| ConstructionMaterial | Wood Frame |
| SizeExterior | 2423 Sqft |
| SizeInterior | 2423 Sqft |
| TotalFinishedArea | 2423 Sqft |
| Type | Commercial Mix |
| UtilityPower | 200 Amp Service |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 359.00 |
| SizeTotal | 359 M2|0-4,050 Sqft |
| SizeTotalText | 359 M2|0-4,050 Sqft |
| ZoningDescription | C-n1 |
| Cable | Connected |
| Electricity | Connected |
| Natural Gas | Connected |
https://www.realtor.ca/real-estate/27641996/1046-8-street-se-calgary-ramsay
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