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601 Royal Avenue SW, Calgary MLS®: C4161742

$899,900
4 Beds
6 Baths
2,657 Sqft
4,876 Lot SqFt
1910 Built


Price Reduced, GREAT VALUE + CASH FLOW. A well-established 6 Suite building in the heart of Cliff Bungalow, one of Calgary's lowest vacancy and highest rent districts. Located on a 43X116 corner lot with MCG d72 zoning, this property has both cash flow and development potential. Character property with high ceilings, fireplaces, full bathrooms, separate entrances, and FULL PARKING. The suite mix is 2 1-Bedrooms + lofts (rent as 2 bedrooms), 2 1-Bedrooms, and 2 Bachelor Suites. The property has been kept in excellent shape and suites have been upgraded. Infrastructure updates include: newer windows, upgraded heating and electrical systems (individual meters). Within a few minutes' walk to downtown, Cliff Bungalow is a vibrant Inner City community that boasts boutique shops, restaurants, grocery stores, and easy access to the Elbow River Valley. Extremely popular among renters.
Taxes (2017): $5,814.00
Site Influences
  • Back Lane
  • Flat Site
  • Public Transportation

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Listed By: RE/MAX REALTY PROFESSIONALS

Disclaimer: Listing information © 2016 Calgary Real Estate Board.