Calgary, AB T3C 3T3,2925 12 AVE SW
Calgary, AB T3C 3T3,2925 12 AVE SW
Calgary, AB T3C 3T3,2925 12 AVE SW
Calgary, AB T3C 3T3,2925 12 AVE SW
Calgary, AB T3C 3T3,2925 12 AVE SW
Calgary, AB T3C 3T3,2925 12 AVE SW
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$3,850,000

$4,199,999

8.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4,566 SqFt


SOLD DATE : 09/20/2024

Key Details

Sold Price $3,850,000

Property Type Multi-Family

Sub Type Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 4,566 sqft

Price per Sqft $843

Subdivision Shaganappi

MLS® Listing ID A2103420

Sold Date 09/20/24

Style Townhouse

Originating Board Calgary

Year Built 2022

Annual Tax Amount $16,987

Tax Year 2023

Property Sub-Type Row/Townhouse

Property Description

Shag 5 combines thoughtful design with a favorable location within the community of Shaganappi Point. The transit-oriented project is comprised of 10 units and is fully leased.

Fully leased at market rents as of October 2023
9.2% increase in the average effective rent Y-O-Y
Rapidly shrinking vacancies and no provincial
control on rent increase led to the fastest rent growth the metro has seen since 2008.

Total Number of Units 10
Year Built 2022
Parking: 5 covered stalls with ample street parking
Zoning: M-C2
Number of Stories: 2.5
Occupancy: 100%
Financing: CMHC assumable at 4.47% (conditions apply)
Site Area: 712 sm (7672 sqft / 0.071 ha)
Building Footprint: 424 sm ( 4566 sqft )

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-C2

Interior

Appliance Range Hood, Refrigerator, Stove(s), Washer/Dryer Stacked

Exterior

Carport Spaces 5

Total Parking Spaces 5

Building

Story 2

Architectural Style Townhouse

Level or Stories 2 and Half Storey

Others

Restrictions Utility Right Of Way

Ownership Joint Venture

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Justin Newman

Justin Newman

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+1(403) 969-5542

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REVIEWS & TESTIMONIALS

Gyann Yiu

Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.

Dean Hunter

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.

Genene Sholdice

Justin did an outstanding job selling our Estate property in Calgary! The listing was up quickly, the photos were beautiful and after multiple offers the property was sold after the first open house! Justin was such a pleasure to deal with and very thorough. Would absolutely recommend Justin to sell your property!!