1025 9 St SE, Calgary

1025 9 ST SE – This investment opportunity presents tremendous cash flow in an exciting, up-and-coming inner-city neighbourhood. Ramsay’s redevelopment plan includes plans for a Green Line C-train stop & is already one of the most walkable communities in the city. The proximity & ease of access will help attract tenants for years to come. The well-maintained house is rented out to seven separate tenants including rental income from the 26’x24’ garage. The rooms have been easy to fill with virtually no vacancy over the past five years. Rental amounts have decreased slightly with the recent recession, creating opportunity to increase revenue to past levels & maximize profit. The land is a 33’x150’ rectangular lot zoned R-C2 on a lovely, tree-lined street with lots of new development in the surrounding blocks. The extra-deep lot with sunny west backyard provides opportunity to redevelop to a large 3-storey home with incredible downtown views. Over $40,000 revenue in 2016. Contact listing agent for full Investor Package.