2620 Centre Street NE, Calgary2620 Centre Street NE, Calgary — photo 22620 Centre Street NE, Calgary — photo 32620 Centre Street NE, Calgary — photo 42620 Centre Street NE, Calgary — photo 52620 Centre Street NE, Calgary — photo 62620 Centre Street NE, Calgary — photo 72620 Centre Street NE, Calgary — photo 82620 Centre Street NE, Calgary — photo 92620 Centre Street NE, Calgary — photo 102620 Centre Street NE, Calgary — photo 112620 Centre Street NE, Calgary — photo 122620 Centre Street NE, Calgary — photo 13
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For Sale · Specialty

2620 Centre Street NE, Calgary

2620 Centre Street NE, Calgary, AB T2E2V4

$2.6M total

118,404 SF

Asset Class

Specialty

Size

118,404 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$22

Occupancy

98%

Year Built

1949

Lot Size

1030.0006795391982 ac

About this property

Prime Development Opportunity – 0.25 Acre Lot on Centre Street NorthAn exceptional investment opportunity in the heart of Calgary! This rare 0.25-acre lot is ideally positioned just 6 minutes from downtown, offering unparalleled access to the city’s core. With high-density mixed-use zoning, this site is primed for a future development featuring main-floor retail and upper-level residential units—perfect for capitalizing on Calgary’s growing demand for centrally located commercial and residential spaces.Centre Street North is a rapidly evolving corridor with increasing foot traffic, strong retail potential, and seamless connectivity to transit and major roadways. As Calgary continues to expand, this location offers investors and developers a strategic advantage in a high-demand market. Don't miss the chance to bring a visionary project to this thriving urban hub.Inquire today to explore the potential of this prime development site! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.65M
Down payment30% · $795K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$173K

Annual cash flow

$26K

Cash-on-cash

3.24%

DSCR

1.18

Going-in cap

6.51%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics47,002 SF2030-05
Northbridge Logistics68,442 SF2030-05

Area demographics

Trade area within 3 miles of the property.

Population

65,471

Households

26,569

Median income

$101,000

Median age

32.5

Daytime population

94,280

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2620 Centre Street NE, Calgary.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.