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*** FULLY DEVELOPED BILEVEL SIDE BY SIDE ON EXTRA BIG LOT . BOTH SIDES HAVE TWO BEDROOMS UP, TWO BEDROOMS DOWN AND TWO BATHROOMS ( UP AND DOWN ) ; PLUS LARGE RECROOM/OFFICE . WELL MAINTAINED BY LONG TERM OWNERS.
This exceptional 8-unit property, featuring three bedrooms and two full bathrooms in each unit, is nestled in the charming community of Mayland Heights, just a 10-minute drive from Downtown Calgary. The property is expec
In a city that is continually growing and low on housing and rentals, this is an incredible opportunity to purchase a move in ready property that has 4 separate legal suites. Proudly designed and built by Vicon Homes LTD
Rare opportunity with commercial and residential in one property. Fully renovated. Wonderful opportunity to own an income generating commercial property located in highly populated South Calgary community.Surrounded by s
Discover unmatched potential with this spacious side-by-side duplex in the heart of Ogden. Located right across from Banting and Best, and Sherwood public schools with great transit at your doorstep, each side features 7
Click brochure link for more details* Incredible, rare opportunity to live on one side and rent the other. Or better yet have a full side x side duplex with great income potential. Located on an extremely quiet, tree l
Here's your chance to own a 4 plex in the sought after Neighbourhood of Marda Loop! Just steps from all the stops & shops of one of Calgary's best inner-city neighbourhoods you can't get much better than this for a long
Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location!Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after
Capitol Hill! Exceptional investment opportunity,one-of-a-kind opportunity brand new infill 4-plex townhomes with 4 LEGAL BASEMENT SUITES with TWO BEDROOMS! Prime location, walking distance to Lions Park LRT, Schools(Cap
BRAND NEW FOURPLEX, LEGAL SUITES SEPARATE ENTRYS - EACH UNIT BOASTS OVER 2800 SQFT LIVEABLE SPACE, 4 BATHS, 5 BEDS - 2 CAR DETACHED GARAGE, BACK YARD AND LANE - Welcome to this beautiful new home with modern finishing an
This well-maintained 5-plex offers an exceptional opportunity for investors in the highly sought-after neighborhood of Bowness. This property combines convenience with solid returns. 4/5 units are currently occupied with
Prime Commercial Development Opportunity in Southeast Calgary! This 7200 sq.ft corner lot at 2040 26 Street SE presents a rare opportunity for investors, developers, and builders. Currently featuring a 1700 sq.ft wareho
Calling all developers, builders and investors - this is your opportunity to purchase a prime parcel of land in coveted Springbank Hill. 1.46+- acres of land. The current owner has completed all necessary reports and due
Incredible opportunity to acquire 12 condo-titled townhomes on a massive lot in the heart of Bowness! Each of the 12 townhomes boasts identical 2-bedroom bi-level layouts, featuring 1 full bath and washer/dryer hook-ups,
Builders Investors , here is the opportunity to purchase a generating income , 11 suite apartment of large 1 bedrooms, very well taking care of all thru the years , Brick facing building is to desired for , this lot and
Great Location! 3 storey apartment condo building next to FFCA school, plaza and located right in the heart of Highwood. Well maintained building with lots of upgrades, newer flooring, fresh paint job, and much more. R
For additional information, please click on the Brochure button below. M-C2 Development Downtown (30+ unit potential) with current 5 Plex & character house. Bankview Development Site adjacent to Downtown Calgary and Mt.
This is a duplex with 4 rental units in Kingsland. 735 67th is located just south of Chinook Center and an easy walk to both Elbow Drive to the west and MacLeod Trail to the east. The lower suites on the East and the W
6 plex in Rosscarrock 4 -1BR, 1 2BR, 1 3BR. The 2 BR is a furnished unit. Owners pay electrical for the 2 BR, tenants pay their own electrical for all other units. There have been many recent cosmetic upgrades
The HARVARD is conveniently located within easy walking distance to the shops and services of 17th Ave. S.W. The well maintained building has 8 large suites. Recent enhancements and renovations include new roof,
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In the heart of Western Canada lies Calgary, a city in Alberta that captivates real estate enthusiasts and investors with its undeniable appeal. For those seeking Apartment Buildings for Sale in Calgary, Alberta, it becomes crucial to grasp the intricate details and unique characteristics that shape this vibrant market.
An apartment building is a residential rental structure that accommodates multiple individual units for tenants. Generally, such buildings are owned by a single landlord or corporate entity.
Key characteristics include:
Ownership: Typically, the entire building is owned by one landlord or company that oversees the management and maintenance of the property.
Calgary boasts a diverse array of apartment buildings that grace its iconic skyline. Each building showcases its own unique design and architectural style. In this vibrant city, you can find a wide range of apartment types, including the following common ones:
High-Rise: These buildings are usually five stories or taller, offering tenants panoramic city views.
Within these buildings, there's an array of rental units tailored to the varied needs of Calgary's residents:
Multi-Level Units: offer a distinct living experience, spanning multiple floors similar to lofts. These units provide tenants with a unique and captivating atmosphere.
Calgary's real estate market is known for its scenic beauty and robust economic factors, which have always attracted attention. The city's strategic location and thriving industries make it a hotspot for investors. Explore {Calgary's Real Estate Dynamics to uncover the city's strong economic strengths.
Compared to other forms of real estate investments, apartment buildings often offer a lower level of risk and can serve as a reliable source of income. This stability makes them an
Increasing Profits: With the possibility of regular rent increases, the potential for growth in profit margins over time is evident.
Owners can expand their income sources through various means, such as offering amenities like coin-operated laundry facilities, vending machines, and rental spaces for parking. This additional revenue can contribute significantly to
Apartments in the commercial real estate category offer specific tax incentives benefiting their owners. To explore these advantages further, we recommend delving into our comprehensive guide on the Tax Advantages of Commercial Real Estate.
To make well-informed investment decisions regarding apartment buildings in Calgary, it is essential to have a comprehensive understanding of the local housing market. Factors such as population growth, employment rates, and future development plans greatly influence property demand and value.
The bustling city of Calgary is an amalgamation of vibrant neighbourhoods, each offering a unique character and charm; for investors looking at apartment buildings, understanding the landscape is paramount. Calgary's diverse neighbourhoods and proximity to essential amenities can significantly influence the attractiveness of an apartment building to potential tenants and residents.
Calgary boasts a myriad of neighbourhoods, each resonating with a distinct vibe. Some of the city's most sought-after areas for apartment buildings include:
Downtown Calgary: A bustling hub with a mix of business centers, shopping districts, and entertainment venues.
Beltline: Known for its trendy apartments and proximity to downtown.
Inglewood: A historic neighbourhood offering a mix of old-world charm and modern amenities.
Bridgeland: Close to the city center and known for its lush green spaces and river views.
To explore some available apartment buildings in these neighbourhoods, visit our dedicated Calgary Apartment Buildings for Sale page.
Close to vital amenities can make an apartment building more appealing to potential residents. Factors such as access to highways, public transportation, shopping centers, schools, and recreational facilities play a significant role.
Easy access to transportation systems like highways and public transit ensures residents can commute efficiently. Near shopping centers, schools, and other essential amenities provide convenience and enhance the overall living experience.
Navigating the Calgary property market can be challenging, but finding the perfect apartment building becomes easy with the right tools and guidance.
Online property listing websites have become the go-to source for many buyers. At FindBusinesses4Sale, we provide an extensive range of listings catering to varying investor needs. From multi-unit residential buildings for sale in Alberta to commercial real estate in Calgary, our platform offers a comprehensive database for all your investment needs.
A skilled real estate agent can be a game-changer when diving into apartment buildings and commercial properties.
Responsibilities of a Real Estate Agent When Representing a Buyer
Identifying the Reason for Purchase: Understanding the motive can shape the search process, whether it's for investment purposes or personal use.
Checking the Availability of Apartment Buildings That Meet Criteria: Agents will sift through various listings to find properties that align with the buyer's specifications.
Determining the Buyer's Budget and Financing Requirementuirements: Understanding the financial capacity will streamline the property search.
Addressing Any Other Requirements, the Buyer May Have: This could range from specific amenities to proximity to certain landmarks or facilities.
Calgary offers opportunities to venture into apartment buildings and commercial real estate. With a robust housing market and many available properties, investors are sure to find something that aligns with their goals.
Whether you're browsing listings online or seeking the expertise of a real estate agent, tools and resources like those provided by FindBusinesses4Sale will ensure your journey is smooth and successful.
In the heart of Alberta lies the vibrant city of Calgary, a hub of potential and opportunity for those looking to invest in commercial real estate. Apartment buildings, in particular, have become a focal point for investors, given the consistent demand and lucrative returns. However, diving into the Calgary apartment buildings for sale requires a meticulous evaluation. This process ensures that the property aligns with your investment goals and offers the potential for growth and profitability.
Before making any investment decision, it's paramount to assess the condition of the apartment building thoroughly. This entails:
Structural Integrity: Checking for signs of wear, tear, or damage that could impact the building's longevity.
Safety and Compliance: Ensuring safety and compliance involves ensuring the building meets all safety regulations and standards. Additionally, it is crucial to review the condition of amenities provided, such as elevators, swimming pools, gyms, and communal areas.
Amenities: Reviewing the condition of amenities provided, such as elevators, swimming pools, gyms, and communal areas.
Repairs and Maintenance: Identifying any immediate repairs or long-term maintenance that might be needed.
Financial due diligence forms the foundation of every real estate investment. Take note of the following considerations:
Income: Income for the property includes money earned from renting out units, generating revenue through parking spaces, and other income sources of income.
Expenses: Expenses encompass all costs related to the property, such as maintenance expenses, utility bills, fees for property management services, and taxes.
To ensure your investment yields returns, it's crucial to have a pulse on the rental market in the area.
A lower vacancy rate typically indicates a high demand for rental units in the area, which can lead to higher rental income.
Understanding the existing service contracts, such as lawn maintenance, cleaning service, and snow removal, can provide insights into the operational costs of the building.
A real estate agent will:
Review the property's history.
Analyze comparables in the area.
Assist in negotiating the purchase price and other terms and conditions on behalf of the buyer.
Facilitate communication with the seller’s real estate agent and/or lawyer.
Assist the buyer during the due diligence phase.
Ensure that all necessary documentation is in place.
It is crucial to verify if the current property usage complies with the local zoning laws. Any proposed modifications or expansions must also align with these regulations.
Adequate parking can significantly enhance the appeal of an apartment building. Ensure that:
There's sufficient parking for all residents.
Additional spots are available for visitors.
Parking areas are well-lit and secure.
Before purchasing, it's crucial to conduct environmental assessments. This ensures that:
The property is situated in an area free from flood risks or susceptibility to natural disasters.
There is no recorded history of hazardous materials or contamination on the site.
For those considering extending their search beyond Calgary, some fantastic opportunities await in nearby areas. Check out our listings for apartment buildings for sale in Crossfield, Alberta or delve into the offerings in Sundre, Alberta.
In conclusion, investing in Calgary's apartment buildings presents a wealth of potential. By conducting thorough evaluations and understanding the intricacies of the market, investors can ensure that their venture into this commercial real estate segment is both fruitful and rewarding. At FindBusinesses4Sale, we are committed to guiding you every step of the way.
Navigating Calgary's commercial real estate requires financial acumen and a keen understanding of the legal landscape. Specific legal frameworks are designed to protect buyers and tenants when considering apartment buildings for sale. Familiarizing yourself with these legalities ensures a seamless transaction and future management of the property.
Alberta's property laws are robust, ensuring transparent transactions and safeguarding the rights of property owners. Here's what potential investors should be aware of:
Land Use Bylaws: These bylaws dictate land use in specific areas. For apartment buildings, ensuring the property aligns with zoning regulations is crucial.
The relationship between landlords and tenants is governed by specific regulations to ensure fairness and protection for both parties. Some critical aspects of these laws include:
Lease Agreements: These are legal contracts outlining the terms and conditions of the rental. Ensuring these agreements are comprehensive and aligned with Alberta's laws is essential.
Security Deposits: Landlords can request security deposits, but there are limitations on the amount and stipulations on their return.
Maintenance and Repairs: Landlords ensure the property is in good condition, while tenants are responsible for any damages caused by them or their guests beyond regular wear and tear.
Evictions: There are specific grounds and procedures for evicting a tenant, and adhering to these regulations is crucial.
For a deeper dive into Alberta's commercial properties and the associated legal considerations, our comprehensive guide on commercial properties in Alberta offers valuable insights.
The right financing is pivotal when venturing into the Calgary apartment building market. With various options available, finding a solution that aligns with your investment strategy and financial capabilities is essential.
Assessing if the Buyer Will Require Financing and Determining the Down Payment
Before delving into mortgage options, evaluate:
How much of the purchase price can be covered upfront?
The amount required as a down payment typically ranges from 20% to 30% for commercial real estate.
REITs are entities that own or finance income-producing real estate across various sectors. Investors can buy shares in REITs, offering a way to participate in the benefits of owning real estate without actually buying property.
Investing in Calgary's apartment buildings is a venture rife with potential. However, it's essential to approach it with diligence, understanding both the legal and financial landscapes. With the right resources and guidance, such as that offered by FindBusinesses4Sale, your journey into Calgary's commercial real estate market promises to be rewarding and successful.
With its dynamic blend of business, culture, and unparalleled natural beauty, Calgary has long been a magnet for real estate investors. The city's commercial real estate landscape has grown significantly, particularly the apartment building sector. This growth includes new constructions and successful acquisitions and management by savvy investors. In this case study, we will delve into the profiles of two such investors and uncover the strategies that led to their success.
Mr. Andrew Thompson
Background: A seasoned real estate professional with over 20 years in the industry. Initially started with single-family homes and gradually transitioned to apartment buildings.
Initial Investment: Purchased a modest 10-unit apartment building in downtown Calgary in 2005.
Current Portfolio: Owns four apartment buildings with over 200 units in total.
Ms. Priya Mehta
Background: A tech entrepreneur who ventured into real estate as a secondary investment avenue in 2010.
Initial Investment: Bought a 20-unit apartment complex in the Beltline area of Calgary.
Current Portfolio: Expanded her holdings to include three apartment buildings and a commercial space.
While Andrew and Priya come from different backgrounds and enter the real estate world at different career stages, some common strategies underpin their success.
Leveraging Professional Networks: Building relationships with local real estate agents, property managers, and other investors provided them with insights and opportunities that might not have been available otherwise.
Financial Prudence: Both emphasized the importance of proper financial planning. This includes securing favourable mortgage rates, ensuring adequate cash flow, and setting aside reserves for maintenance and potential vacancies.
Tenant Relationship Management: Retaining good tenants is as crucial as finding them. Both investors prioritized building strong relationships with their residents, ensuring timely maintenance, and addressing concerns promptly.
Continuous Learning: The real estate landscape is ever-evolving. Regularly attending workshops, seminars, and courses helped them stay updated and adapt their strategies accordingly.
Successful investments in Calgary's apartment building sector require a blend of market knowledge, financial acumen, and relationship management. Our featured investors demonstrate that with the right approach and resources, such as those offered by FindBusinesses4Sale, one can navigate the challenges and reap the rewards of the Calgary real estate market.
Calgary, often known as the gateway to the Rocky Mountains, is famous for its stunning landscapes and thriving real estate industry. Over time, the city has garnered global attention due to its oil and natural gas sectors and its promising commercial real estate market with a focus on apartment buildings. Looking ahead, let us delve into the current state of this market and explore what lies in store for investments in Calgary's apartment buildings.
Diversified Economy: While Calgary was historically reliant on the energy sector, it has been diversifying its economy, attracting a broader range of residents and, consequently, tenants.
Sustainable Living: There's a growing interest in eco-friendly and sustainable buildings. New constructions focus on green technologies, and older buildings are being renovated to meet this demand.
Tech Boom: As Calgary is progressively becoming a tech hub, there is a growing demand for rental properties, especially from young tech professionals moving to the city.
Competitive Pricing: With a balanced market, buyers and sellers find competitive prices, making it an opportune time for potential investors.
Increased Demand: With the city's population predicted to grow steadily, the demand for rental units, especially apartments, is expected to rise.
Focus on Amenities: Modern tenants seek more than a place to stay. Amenities like gyms, communal spaces, and high-speed internet will become standard offerings in most apartment buildings.
Strategic Locations: Proximity to tech parks, business hubs, and recreational areas will play a pivotal role in determining the success of an apartment building investment.
Sustainability: As global attention shifts towards sustainability, apartment buildings that incorporate green technologies and sustainable practices will be more attractive to both investors and tenants.
Investment Opportunities: Given the predicted growth, there will be numerous investment opportunities, significantly diversifying their portfolio with commercial real estate in Calgary.
The outlook is promising for those considering apartment building investments in Calgary. With a city that's evolving, adapting, and growing, the potential for returns on investment is substantial. For those looking to explore opportunities or gain deeper insights into the market, resources and listings provided by FindBusinesses4Sale can be an invaluable guide on this exciting journey.
When making a significant investment, such as purchasing a business, industrial property, or land, having the right resources and platform at your disposal is crucial. Find Businesses4Sale offers a plethora of advantages for potential buyers:
Comprehensive Listings: With FindBusinesses4Sale, you no longer need to juggle between multiple websites. The platform boasts of having the most extensive collection of businesses and commercial properties for sale, ensuring you find the perfect match for your investment needs.
Free Registration: One of the platform's standout features is its free buyer registration service. Not only does this save you money, but it also provides you unrestricted access to many listings.
Instant Alerts: Stay ahead of the competition with real-time alerts. Once a match for your criteria is listed or a message is logged in the system, you'll receive a text message alert, ensuring you never miss out on a golden opportunity.
Confidentiality Assurance: The platform highly emphasizes seller confidentiality. This ensures that key staff and vendors remain unaware of the sale, preventing potential disruptions or unintended consequences. As a buyer, you can trust the platform's process and listings.
What is the average price for an apartment building in Calgary, Alberta?
The average price range for apartment buildings in Calgary, Alberta, varies greatly depending on their size and location. As of 2021, properties generally fall between 1 million and over 5 million CAD. It is highly recommended to regularly check real estate listings in Calgary for the most up-to-date information.
Why was the FindBusinesses4Sale marketplace created?
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at FindBusinesses4Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources and our professional services directory, making it easy for future business/commercial property owners and sellers to find exactly what they want.
How can I find apartment buildings for sale in Calgary, Alberta?
You can find apartment buildings for sale in Calgary, Alberta, by consulting online real estate platforms like FindBusinesses4Sale, hiring a real estate agent specializing in commercial properties, or contacting property management companies directly.
What are the legal considerations for buying an apartment building in Calgary?
When considering purchasing an apartment building in Calgary, Alberta, one must familiarize oneself with local real estate laws, zoning regulations, and tax implications. Additionally, potential buyers should carefully assess the existing leases or tenant agreements for the building and consider any possible environmental considerations. Consulting a real estate attorney is strongly recommended to navigate these legal aspects effectively.
Are there management companies available in Calgary to manage apartment buildings after purchase?
Calgary, Alberta, boasts numerous property management companies specializing in efficiently administrating apartment buildings after their purchase. These companies offer various services, including tenant management and maintenance support.
What are the benefits and potential challenges of owning an apartment building in Calgary, Alberta?
Owning an apartment building in Calgary, Alberta has several benefits. Firstly, it provides potential income through rental revenue. Secondly, the property value tends to increase over time, offering a lucrative investment opportunity. Additionally, there are potential tax advantages associated with this type of ownership. However, it is important to consider the challenges that come with it. These include property maintenance responsibilities, dealing with tenants and managing vacancies, and navigating legislative and market risks.
Discovering the best deals on Commercial Properties in Calgary, Alberta requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Apartment Building at 7331 Huntertown Crescent NW , Apartment Building at 808 Mcneill Road NE and Apartment Building at 339 & 341 Hendon Drive NW .
The average price of Commercial Properties in Calgary, Alberta is influenced by various factors. On average, prices range from $1,986,284. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Commercial Properties in Calgary, Alberta on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Apartment Building at 7331 Huntertown Crescent NW , Apartment Building at 808 Mcneill Road NE and Apartment Building at 339 & 341 Hendon Drive NW . .
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
