Property Description

An investment opportunity! Fully leased with excellent tenants ! Located in 206 - 11th Avenue SE a building constructed in 1909 originally as a warehouse and in 1996 renovated to accommodate its current configuration of commercial and residential space the units are part of the condominium development known as Imperial Lofts. The listing contains two commercial condominium units of 2500 square feet each so 5000 square feet of usable space. There are three tenants operating in the premises, Bud Bar, Velet Bike Ski Cafe and Anime-Shuns. The space is fully sprinklered and heated by a natural gas boiler system shared with the adjacent building. Positioned in one of Calgary’s most vibrant inner city districts the commercial units present a rare opportunity to acquire condominium units in a landmark character property. Originally constructed in 1909, this iconic brick building underwent a comprehensive renovation and condominium conversion in 1996, thoughtfully blending its historic architectural charm with its modern functionality. Located in the 4-storey brick and beam building with concrete foundation, exposed post and beam construction, exterior brick facade, and a flat membrane roof. The space is fully sprinklered and serviced by natural gas boiler heating system shared with the adjacent buildings. The main and lower levels are dedicated to the commercial retail uses, while the upper three floors contain 6 residential apartment units. The property benefits from exceptional connectivity, and strong pedestrian activity, proximity to downtown Calgary, and the new entertainment district, the new Scotia Bank Arena and including the imminent Green-Line C-Train. (id:7434)