JN REAL ESTATE GROUP

Downtown West End

FOR SALE

$489,000

PURCHASE PRICE

106, 1111 6 Avenue SW, Calgary · T2P5M5

RETAIL · BUILT 2005

MLS A2358074 · 3 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Rarely available prime investment property, fully operated corner restaurant bay situated at the center of West End community, with abundant office buildings and residential high rises for sale (business is not included). Never vacant for the last 20 years. Tenant is in all net lease; no hands on management needed, rental income generating a net return of 5.9 %+ with listing price, better than Bank GIC. Current net rent for unit + 1 U/G titled stall is $2,178.58/Month plus equipment rent of $250/month plus operating cost. Purchase price includes equipment and improvement (valued at $120,000+) and 1 titled underground parking stall ($37,000+). See equipment list for details on equipment which include commercial restaurant environmental exhaust hood and suppression system, dishwasher, refrigeration unit, sandwich counter with cooler, grease trap, and other equipment etc. Conventional hot water heating and New (2026) Central A/C with fan coil unit. Prime corner unit only half a block from LRT station and walking distance to shopping and amenities. TENANT OCCUPIED; DO NOT VISIT UNIT W/O APPOINTMENT; UNIT IS OWNED BY LISTING BROKERAGE.

DETAILS

TRANSACTION

TRANSACTION
For Sale
LEASE PERIOD
Annually
LEASE MEASURE
Square Feet
LEASE TERM
Other

BUILDING

TYPE
Retail
YEAR BUILT
2005
CONSTRUCTION
Brick · Concrete · Stucco

PARKING

TOTAL PARKING
1

COMMUNITY

COMMUNITY
Downtown West End
ZONING
DC (PRE 1P2007)
POSTAL CODE
T2P5M5

UTILITIES & COSTS

HEATING
Baseboard · Central · Natural Gas
COOLING
Central Air
UTILITIES
Electricity Connected · Natural Gas Connected · Garbage Collection · Heating Paid For · Water Connected
CONDO FEE
$339
FEE FREQUENCY
Monthly
FEE INCLUDES
Common Area Maintenance · Gas · Heat · Insurance · Professional Management · Security · Sewer · Snow Removal · Trash · Water
ANNUAL TAXES
$5,482

LISTING COURTESY OF THOMAS HA · TROY REAL ESTATE LTD

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.