For Sale · Specialty

2111 5 Avenue NW, Calgary

2111 5 Avenue NW, Calgary, AB T2N0S6

$649,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

88%

Year Built

1960

Lot Size

0.11193870523415979 ac

About this property

Located in sought-after West Hillhurst, this up-and-down duplex offers an exceptional inner-city opportunity, with flexibility to rent both the upper and lower living areas or live in one and rent the other. Each living area has its own private entrance and full kitchen, with two bedrooms upstairs and one downstairs. Both living areas are vacant, allowing for immediate possession. Set on a 37.5' x 130' R-C2 lot, the property features a large, fully fenced backyard, a large back deck, and a detached double garage with rear lane access. The R-C2 zoning and lane access add appeal from a future site-planning perspective. The front deck and railings have been recently updated, the main floor and basement both have brand-new flooring, and the entire property has been freshly repainted. A grocery store is nearby on Kensington Road, along with Kensington’s independent shops, cafes and restaurants. Queen Elizabeth School and Queen Elizabeth High School are nearby, as is the West Hillhurst Community Association, offering an arena, gymnasium, fitness centre, squash, tennis and pickleball facilities. The Bow River pathway system and Sunnyside CTrain Station are also close by, with convenient access to downtown Calgary and Foothills Medical Centre. (id:66811)

Financial sandbox

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Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$43K

Annual cash flow

$7K

Cash-on-cash

3.42%

DSCR

1.19

Going-in cap

6.57%

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.

Area demographics

Trade area within 3 miles of the property.

Population

143,261

Households

63,274

Median income

$80,000

Median age

45.5

Daytime population

212,224

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 2111 5 Avenue NW, 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.