1111 7 Street Sw, Calgary, Alberta

$1,764,000

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0.08

Acres

About 1111 7 Street Sw

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.

Features of 1111 7 Street Sw

MLS® # A2160908
Price $1,764,000
Bathrooms 0.00
Acres 0.08
Year Built 1911
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 1111 7 Street Sw
Subdivision Beltline
City Calgary
County Calgary
Province Alberta
Postal Code T2R 1A1

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed August 28th, 2024
Days on Market 65
Zoning CC-X
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTop Producer Realty and Property Management

Listing Map