Search
$ 1,299,000

725 9th, Canmore, AB, T1W 2V7

Listing ID# C4128471
< Back

$ 1,299,000

  • 725 9th
    Canmore, AB T1W 2V7
  • Listing ID C4128471
  • Building type: Commercial
  • Living space: 3315 sq ft
  • Status: For Sale/Active
  • Days on Market: 41
  • Age of Building: 1985

Property Description

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!




725 9th, Canmore, AB
Commercial
725 9th
Canmore
Listing courtesy of RE/MAX ALPINE REALTY
$1,299,000
  • 3315 sq ft
Add to favourites
Bootstrap Slider

NOTE: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of the Calgary Real Estate Board. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data on this website is deemed reliable but is not guaranteed accurate by the Calgary Real Estate Board. Privacy Policy At RE/MAX ALPINE REALTY we are committed to customer privacy. The following privacy policy is our commitment to the protection of your personal information collected by our company RE/MAX ALPINE REALTY. By using our web site you indicate that you have read and accepted our privacy policy. RE/MAX ALPINE REALTY collects personal information such as names, addresses, contact information, and details about properties and property owners. Collected information provided to us is used to: Market your property, Develop and enhance services, and Manage and develop our business. RE/MAX ALPINE REALTY does not sell or disclose customer information. Our company will never disclose our users' personal information a third party. In the event that RE/MAX ALPINE REALTY must legally provide users information, users will be immediately contacted. Personal information collected by RE/MAX ALPINE REALTY is treated with the utmost respect and we take all necessary security safeguards in the process. Copyright 2017 Calgary Real Estate Board. All rights reserved.