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2004 1 Avenue NW, Calgary, AB, T2N 0B3

MLS® # A2017461
Commercial For Sale In West Hillhurst, Calgary, Alberta
$6,000,000
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
2004 1 Avenue Nw, Calgary, AB
  • Advertising
2004 1 Avenue NW, Calgary, AB, T2N 0B3
$6,000,000

Property Information:

Located just a few steps from Kensington Road NW, this well designed building has 10 residential units, (4 two beds, 6 one beds). main floor has two street level retail units fully leased out. Second floor is undeveloped and currently designated as commercial space. It could be developed into 5 more residential units with the same floor plans as the above two floors. there is one elevator and 10 underground parking stalls. lots of street parking and great walk score. Current retail leases are long term and residential units are fully leased. Current Gross Revenue is $357,500 . Current Total costs are $97,500 per year. Current NOI is $260,000. NOI with second floor developed is $370,110 and has a price tag of about $750,000 and requires about 6 months. CAP rate with second floor developed is 5.5%. ($370,110/$6,750,000=5.5%)

Inclusions: See Remarks

Property Features:

  • Built in: 2020
  • Floor Space (approx): 17688.00 Square Feet
  • Lot Size: 6049.00 Square Feet
  • Zoning: M-X1

Courtesy of: CIR REALTY

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 2004 1 Avenue NW, Calgary, AB, T2N 0B3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Significant

29 hot days expected in 2050

Projected Storm Risk: Significant

10 storms expected in 2050

Projected Heat Risk: Significant

29 hot days expected in 2050

39/100

Significant

ClimateCheck®

Current data

This property, 2004 1 Avenue NW, experiences 7 hot days per year at around 28.96 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 32.98 degrees Celsius.

Projected Avg. Temperature

Past
28.96℃
2050
32.98℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Significant

10 storms expected in 2050

22/100

Significant

ClimateCheck®

Current data

This property, 2004 1 Avenue NW, experiences 10 significant 2-day storms per year, with about 201.67mm of precipitation per storm.

Projected data

Severe storms are expected to decrease in this area. In 2050, it is projected that there will be 10 significant 2-day storms with 214.95mm of precipitation per year.

Precipitation Per Storm

Past
201.67mm
2050
214.95mm

48-Hour Storms Per Year

Past
10
2050
10

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 2004 1 Avenue NW, Calgary, AB, T2N 0B3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$204,957.84

Average Number of Children

0.91

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.43 %

High school certificate or equivalent

15.29 %

Apprenticeship trade certificate/diploma

3.37 %

College/non-university certificate

15.34 %

University certificate (below bachelor)

5.19 %

University Degree

50.98 %

Commuter

Travel To Work

By Car

55.9 %

By Public Transit

14.95 %

By Walking

15.76 %

By Bicycle

5.46 %

By Other Methods

7.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.5 %

Houses

75.94 %

Own Vs. Rent