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725 9th

Canmore, bighorn, T1W 2V7, Alberta

  • -
    Bedrooms
  • 0
    Bathrooms
  • 0
    Half Bathrooms
  • 3315
    Sqft
  • 1985
    Built
  • $1,299,000
    Price

Office Name: RE/MAX ALPINE REALTY

725 9th, Canmore, bighorn, T1W 2V7 Alberta - There is very good income potential with this two storey commercial building in a great location in the heart of Canmore on a 6,600 sqft (50 feet x132 feet) lot. The building is now used as a restaurant and a 3bed, 2bath suite upstairs. The restaurant area is 1,719 sqft; the apartment has ca. 1,575 sqft. Restaurant and suite are connected by a staircase, but there is also a direct entrance to the suite. Restaurant space and the apartment are presently leased to the same lessee with a 5 years fixed lease remaining on the lease, providing a steady income flow with a good cap rate. The real value however lies in the potential by adding to the existing building and doubling the commercial /residential space or by tearing down the building and redeveloping into a modern 2 or 3 storey commercial complex w. 10th street access. Build two luxury residential units on top and make money to develop extra commercial space on the first and second level! A rare bargain for this huge potential!

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  • County:

    bighorn

  • Zip Code:

    T1W 2V7

  • Status:

    Active

  • Purchase Type:

    Active

  • Zoning Type:

    -

  • Property Type:

    Commercial

  • School District:

    -

  • MLS ID:

    C4128471

  • Lot Size:

    -

  • Heating:

    -

  • Parking:

    -

  • HOA Fees:

    -

  • Agent ID:

    CANTHORA

  • Agent Name:

    Raymond Anthony

  • Elementary School:

    -

  • Junior High School:

    -

  • High School:

    -

Broker: RE/MAX ALPINE REALTY

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