Specializing in investment property since 1975. Apartment Building Sales.

Listing

Mixed Use Apartment Building on 17 Ave SW $13,900,000

Available
Commercial

VISTA SKYLINE 1235 17 AVE. SW. LIST PRICE $13,900,000.00. EXISTING 48 1 BR Residential, 2nd floor 11 Additional Residential - to Build, 3rd Floor Office Main Level Retail.VISTA SKYLINE is a 7 storey Residential / Office /Retail building located on 17th Ave. SW in one of Calgary's best rental locations. **The second floor is vacant and ready for 11 new residential units to be built by the new owner. The third floor has a 100% office component. ESTIMATE to construct 11 new residential units $1,100,000. Please contact Mike Fleming for financing possibilities. Please see the attached proforma where 2 scenarios are presented. 1) Purchase Price with the existing income (vacant 2nd floor) 2) Purchase Price Plus estimated construction of 11 new suites on 2nd Floor with accompanying income.

Proforma (Please click link below): 

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