LIANG Commercial Real Estate

Description

Discover a rare gem in the heart of Mission at 111 23 Ave SW—a meticulously maintained 11-unit building mere steps from the tranquil Elbow River. Boasting a mix of 3 two-bedroom units and 8 one-bedroom units, this property presents a diverse rental income stream, currently yielding $14,535 along with additional laundry income of approximately $200 per month. Nestled in a vibrant community, residents enjoy easy access to an array of amenities, including trendy cafes, boutique shops, and scenic parks. The serene ambiance of the Elbow River pathway offers a peaceful retreat for leisurely strolls or outdoor activities. Experience peace of mind knowing that this building has been lovingly cared for, with all units undergoing renovations during vacancies between tenants. Recent upgrades, including new windows and patio doors installed in 2021, along with parkade enhancements, fresh exterior stucco, and a new roof in 2022, ensure modern comfort and aesthetic appeal. Furthermore, critical infrastructure updates, such as the replacement of the boiler system and hot water heater in 2013, speak to the property's enduring value and reliability. Don't miss this exceptional investment opportunity in one of Calgary's most sought-after neighborhoods. Schedule a viewing today to witness the true potential of this remarkable property.