Welcome to a prime investment opportunity in the heart of downtown Calgary''s vibrant East Village! We are pleased to present four titled retail condo bays (Units 394-397), perfectly situated at 342 4 Ave SE on the ground floor of a 150-unit condo building! Nestled in the dynamic East Village, these retail condo bays enjoy a strategic position within one of Calgary''s most exciting and rapidly evolving urban landscapes. Currently used as an office and offered up below market value, these bays present huge potential uplift to the investor buyer. Converted back to original use and leased to retail tenants, these units will allow the buyer to take advantage of future cash flow, on top of returning assessed value. The condo bays boast modern infrastructure, ensuring a seamless integration of business operations. High ceilings, large windows, and an open layout create an inviting and adaptable environment for various retail concepts. Not to mention they are street facing to an intersection that sees over 35,000 vehicles per day. Across 4th AVE to the south, is a future multi tower development, that will replace the old YMCA. That project, combined with the existing infrastructure, gives future retail tenants access to thousands of potential daily customers. This is a rare opportunity to secure prime retail space in an area poised for tremendous growth and development. Builders and developers usually keep these spaces for themselves for a good reason. BONUS: This package includes 13 parking stalls (9 Titled underground). Whether you''re an investor looking to capitalize on the thriving Calgary real estate market or a business owner seeking a strategic location for your enterprise, this package offers the perfect combination of location, versatility, and future potential. Don''t miss out on being part of the East Village''s exciting evolution—schedule your viewing today!
Property Details
Price:
$1,950,000
MLS #:
A2097851
Status:
Sold (Mar 19, 2024)
Baths:
0
Type:
Condo
Subtype:
Retail
Subdivision:
Downtown East Village
Listed Date:
Jan 9, 2024
Year Built:
2010
See this Listing
Schools
Interior
Exterior
Parking Total
13
Financial
Map
Community
- Address342 4 Avenue SE Calgary AB
- SubdivisionDowntown East Village
- CityCalgary
- CountyCalgary
- Zip CodeT2G1C9
Subdivisions in Calgary
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Market Summary
Property Summary
- Located in the Downtown East Village subdivision, 342 4 Avenue SE Calgary AB is a Condo for sale in Calgary, AB, T2G1C9. It is listed for $1,950,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2010. The average price per square foot for Condo listings in Calgary is $422. The average listing price for Condo in Calgary is $412,397. To schedule a showing of MLS#a2097851 at 342 4 Avenue SE in Calgary, AB, contact your Rob Johnstone agent at (403) 730-2330 .
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