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905 Mckinnon Drive NE
Mayland Heights Calgary T2E 6A6

$2,600,000
Commercial

Main Photo: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
Photo 1: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
Photo 2: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
Photo 3: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
Photo 4: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
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Photo 38: 905 Mckinnon Drive NE in Calgary: Mayland Heights Multi Family for sale : MLS®# A2123733
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2123733
Build. Type:
Low Rise (2-4 stories)
Built in 2010, this is a superior building in both quality and design throughout. Offering 5 premium two-bedroom units and a 6th office/boardroom space of approx. 700 SqFt (that could be converted to a large studio 1 bedroom suite), this corner lot building sides on to an alley and back feeder lane, has dedicated parking stalls, and a garage for the luxury oversized owners suite - which occupies the majority of the top floor. Beautiful aesthetics include stucco finish with stone and wood accents, multi-chambered pvc windows and thoughtful landscaping including a stamped concrete walkway to the covered entrance. Current design allows for top floor owner suite with adjacent private office space, or slight redesign the office to generate more tenant revenue which could easily command an additional $1500/mo. Two walkout units enjoy large windows and generous proportions with 9ft ceilings. The main floor units, with 8ft ceilings, offer slightly higher specifications, with engineered flooring and fireplace(s). The 2nd level 'owners' suite is very well appointed with PRIVATE ELEVATOR to the garage, 2bds and an additional flex room, granite countertops, vaulted ceilings and substantial windows, offering excellent views of the west rear exposure to the mountains. All units have central A/C. Located in the established and stable community of Mayland Heights, near schools, just west of Barlow Trail and 5Kms from the International Airport. With property values and rents increasing due to unprecedented demand, this premium building is both underutilized and could easily benefit from significantly updated rents. Operating expenses of approx. $53000 and total income possible from $145000 to $185000, this is an excellent stable & enduring value for the discerning investor. Proforma attached in supplements along with building drawings, RPR etc. Rents are slowly being increased as they have been under market rates, and are being brought into more appropriate rates. Flexible possession is available with leases assumed.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Possession:
Possession Date:
Building Type:
Low Rise (2-4 stories)
Total Building Area:
7,083 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,287 sq. ft.
Lot Frontage:
112'2"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
2010 (Age: 14)
Bathrooms:
- (Full:-, Half:-)
Plan:
5106JK
Heating:
Fan Coil, Natural Gas
Foundation:
Poured Concrete
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Cooling:
Central Air
Garage:
0
Parking Places:
8.0
Energized Pkg:
4
Parking Total/Covered:
8 / -
Gross Margin:
$131,116.50
Mayland Heights
Fridges x5, Dishwasher x5, Stove x5, Hood fan x5, Washer/Dryer x5, Central A/C unit(s), Garage Opener.
Airspace Restriction
Title to Land:
Fee Simple
Lot Features:
Sloped Down
Access To Property:
Front and Rear Drive access
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-C1
Listed Date:
May 08, 2024
Days on Mkt:
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Listed by Sotheby's International Realty Canada
Data was last updated November 13, 2024 at 02:05 PM (UTC)

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