AB > Calgary > Mayland Heights
Calgary, AB T2E 6A6,905 Mckinnon DR NE
Calgary, AB T2E 6A6,905 Mckinnon DR NE
Calgary, AB T2E 6A6,905 Mckinnon DR NE
Calgary, AB T2E 6A6,905 Mckinnon DR NE
Calgary, AB T2E 6A6,905 Mckinnon DR NE
Calgary, AB T2E 6A6,905 Mckinnon DR NE
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Justin Newman

Justin Newman

+1(403) 668-1272
$ 2,600,000
Est. payment | /mo

7,287 Sqft Lot

Save
$ 2,600,000
Est. payment | /mo
Save

7,287 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Mayland Heights

MLS® Listing ID A2123733

Originating Board Calgary

Year Built 2010

Annual Tax Amount $6,637

Tax Year 2023

Lot Size 7,287 Sqft

Acres 0.17

Property Description

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.

Location

Province AB

County Calgary

Area Cal Zone Ne

Zoning M-C1

Interior

Heating Fan Coil, Natural Gas

Cooling Central Air

Inclusions Fridges x5, Dishwasher x5, Stove x5, Hood fan x5, Washer/Dryer x5, Central A/C unit(s), Garage Opener.

Exterior

Roof Type Asphalt Shingle

Lot Frontage 112.14

Total Parking Spaces 8

Building

Lot Description Sloped Down

Foundation Poured Concrete

Structure Type Stone,Stucco,Wood Frame

Others

Restrictions Airspace Restriction

Tax ID 82667957

Ownership Private

Listed by Sotheby's International Realty Canada

NEWLY LISTED IN THE CALGARY AREA

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Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.

Dean Hunter