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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,750,000
Cap Rate The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Outstanding Investment Opportunity with Flexible Potential! Discover a truly exceptional opportunity encapsulating luxury living and lucrative investment potential in one distinguished property. This remarkable building offers a blend of versatile living spaces and revenue-generating units, presenting a range of possibilities for investors and discerning buyers alike. Whether pursuing a comprehensive investment strategy or opting for a phased approach, the options are as diverse as they are enticing. The whole building is for sale which includes the outstanding penthouse suite and 4 other 2 bedrooms suites. The focal point of this exquisite property is a lavish penthouse residence with 9 foot ceilings that contribute to the airy feeling, meticulously upgraded to offer the finest in comfort and style with newer A/C (2022). Featuring a sunroom, expansive deck/balcony with a view of the city and the Bow River, 2 large skylights, premium hardwood and slate flooring, granite countertops, large island, top-of-the-line appliances including a Sub-Zero fridge and gas Jennaire downdraft stove top, every detail speaks to luxury and sophistication. Enjoy the gas fireplace in the open concept living room with a designer wall unit., Spacious laundry room with storage. French doors to the luxurious master suite, imported high end European vanities, double sided fireplace between the master and the den and a walk-in closet. Featuring heated floors in the main floor bathroom. Seamlessly connected yet offering distinct privacy, the lower-level suite (#1(a)) presents a myriad of possibilities, from a nanny suite to a home office or rental unit. Currently, units #2, #3, and #4 contribute to the revenue stream, making this property an attractive proposition for investors seeking both immediate returns and long-term growth potential. Meticulously designed and maintained, the building exudes quality craftsmanship and attention to detail. Solid brick exterior, flat tar and gravel roof, and ample garage and carport parking. Situated in a prime location with panoramic views and easy access to downtown and all amenities, the building offers unparalleled convenience and sophistication. Whether you're an investor seeking a solid opportunity or a homeowner looking for luxurious urban living, this property delivers on every front. So many possibilities multi -family home, professional office building( so close to downtown) live in the with Air BnB potential and gain the revenue from the rental of the suites. Garage parking for 5 cars and a car port. Don't miss your chance to own this prestigious building offering the perfect blend of luxury, convenience, and investment potential. Walk to downtown, the Bow River pathways, Kensington shops , restaurants, and amenities. Schedule your showing today and unlock the endless possibilities that await in this extraordinary property. (id:39198)
Location
Province
Alberta
City
Calgary
Address
912 Memorial Drive Nw
Postal Code
T2N3C9
Location Highlights
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Listed by
RE/MAX Real Estate (Central) Alberta listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
3,025
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$2,750,000
Asking Price
$2,750,000
Cap Rate The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,025
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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