201 1st St SE - Apartments FOR SALE


Calgary, AB T2G 2G3
$13,999,999 CAD
403-992-4813
201 1st St SE, Calgary, AB for Sale
$13,999,999 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

201 1st St SE
Calgary, AB T2G 2G3


OVERVIEW

Welcome to the ELEMENT on 1ST ST & RIVERFRONT in prime chinatown district of downtown CALGARY, this 9 story concrete building with 30 rental condo units showcasing 1 & 2 bedroom suites . The top 8th floor consists of 3 penthouse units with breathtaking views of the river and downtown skyline , also access to the top floor DOME an outside were everyone can hang out, bbq and enjoy the views . The other 6 floors are all residential units, with the main floor having 2 commercial retail bays currently 1 is leased out to a very successful convenience store and the other bay is currently being used as an office by the management team, which can be leased out for additional revenue. The building features a small but useful underground parkade which is used for additional revenue. This high end brick building was built using high end products and very good quality making it a long lasting revenue producing property with the potential to sub divide as it is all under 1 title . SOO MUCH POTENTIAL !! Please call to arrange a showing or for more information .

FOR SALE DETAILS

PRICE

$13,999,999 CAD

PRICE/SF

$271 CAD /SF

# OF UNITS

32

PRICE/UNIT

$437,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elements on First

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,286 SF

ZONING

DC

APN/PARCEL ID

068243203

ASK ABOUT THIS PROPERTY

Jasdev DhillonSidhu Dhillon TeamMore Info
403-992-4813

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Jasdev DhillonSidhu Dhillon TeamMore Info
403-992-4813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.