A free standing commercial property in Chinatown is for sale. The business is not included in the sale. The property has a stable tenant, currently paying $7,800 + GST per month in rent. The tenant is a chain store that has invested over $200,000 in renovations to the property. The seller will replace the roof, expected to be completed around April 2026. The current rent is below market value, offering potential to increase the rent in the future. Property Size: 2,242 sq.ft. main floor + 2,242 sq.ft. basement. Lease Term: Until December 31, 2030. (id:13843)
| MLS # | A2291719 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Year | 1973 |
| Days On Site | 226 |
| Listing Provided By | Grand Realty | Phil Yan |
| SQ Feet | 2,242 |
|---|---|
| Zoning | DC (pre 1P2007) |
| Acreage | 0.07 |
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Foundation Details | Poured Concrete |
|---|
| Tax Annual Amount | 16775 |
|---|---|
| Tax Block | 16 |
| Tax Lot | 1-4 |
| Tax Year | 2025 |
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2P0S4 |
| Community Name | Chinatown |
| Listing VS Median (in Chinatown) | |
Price: $1,250,000 low | high Med: $326,950 sqft: 2,242 low | high Med: 570 $ / sqft: $558 low | high Med: $576 On site: 226 low | high Med: 54.5 | |
| Province | AB |
|---|---|
| City | Calgary |
| Postal Code | T2P0S4 |
| Community Name | Chinatown |
| Listing VS Median (in Chinatown) | |
Price: $1,250,000 low | high Med: $326,950 sqft: 2,242 low | high Med: 570 $ / sqft: $558 low | high Med: $576 On site: 226 low | high Med: 54.5 | |