The Victoria is an ideal investment opportunity in the heart of the Beltline.12 unit apartment plus a full compliment of secure parking. Offering a 5.4% cap rate with tremendous development potential – up to FAR of 7.0. Spacious and updated units offer low maintenance and low overhead.
THE PROPERTY
◦ 105 13 Avenue SW
◦ 50’x140’ = 7,000 sq ft land
◦ Zoned CC-MH
BUILDING
◦ 6 – 2 bedroom units
◦ 6 – 1 bedroom units
◦ Shared card-operated laundry
REVENUE
◦ Gross Income $ 180,300
◦ Expenses ($ 44,000)
◦ Net Income $ 136,300
Financing to be assumed. Call for more details.
Additional details
Location
105 13 Avenue Southwest, Calgary, AB T2R 0J9, Canada
