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1046 8 Street SE, Calgary, AB, T2G 2Z4

MLS® # A2178071
Commercial For Sale In Ramsay, Calgary, Alberta
$1,680,000
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
1046 8 Street Se, Calgary, AB
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ACTIVE
1046 8 Street SE, Calgary, AB, T2G 2Z4
$1,680,000

Property Information:

UPDATED CASH FLOW: Please see Cash flow in pictures and Supplements. A rare opportunity indeed, this 66’ x 117’ property (7,722 sq. ft.) is in a prime position in the heart of one of Calgary’s most active inner-city districts. The sale price includes both 1046 and 1048 – 8th Street SE. PLEASE DO NOT BOTHER TENANTS OR PHYSICALLY ACCESS THE PROPERTY FOR TOURS OR SHOWINGS WITHOUT PERMISSION. SHOWNGS WILL BE PROVIDED AFTER A CONDITIONAL OFFER IS ACCEPTED.The property offers a mix of CN-1 Commercial Zoning and RCG multi residential zoning. Although the potential for a great mixed-use development is primarily the standout benefit to this property there is also the opportunity for a buyer/investor to simply purchase the properties and continue to operate as a commercial investment property. The main floor restaurant space is fully appointed with equipment for an easy transition to a new tenant but there’s also a great owner/user opportunity with the additional commercial and residential tenants supplementing income. Full equipment list provided on request.The 3 bedroom, 2 full bathroom house, located on the North portion of the property is currently furnished and rented to three University student who are paying full market rents and 2/3rds of the utility costs. The residential property was renovated in 2018 with new electrical and plumbing included. The commercial retail space above the restaurant is leased to a thriving neighborhood cannabis shop also at a full market rent. There is a newer transformer located on the property that should be sufficient to supply service to a new development. (To Be Verified).Ramsay is a hidden Gem in the city that offers both stable and secure investment and a quiet residential location that is rapidly transitioning along with the amazing developments that are just blocks away surrounding the new Flames arena/Entertainment District, BMO Centre, and Stampede Park. This property boasts one of the highest walk scores in the city at 98 out of 100. As a bonus, Red’s Diner, directly across the street, is a destination that draws 100,000 customers per year to this location. Come join the amazing neighborhood of Ramsay. You’ll be glad you did.

Inclusions: Please see supplements for full list including restaurant equipment and full furnishings for the residential property.

Property Features:

  • Built in: 1913
  • Construction Materials: Wood Frame
  • Floor Space (approx): 2423.00 Square Feet
  • Lot Size: 3864.00 Square Feet
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public
  • Zoning: C-N1
  • Sewer: Public Sewer

Courtesy of: D.C. & Associates Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 1046 8 Street SE, Calgary, AB, T2G 2Z4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

41/100

Moderate

ClimateCheck®

Current data

This property, 1046 8 Street SE, experiences 7 hot days per year at around 29.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 33.4 degrees Celsius.

Projected Avg. Temperature

Past
29.3℃
2050
33.4℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

21/100

Moderate-Low

ClimateCheck®

Current data

This property, 1046 8 Street SE, experiences 10 significant 2-day storms per year, with about 197.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 210.9mm of precipitation per year.

Precipitation Per Storm

Past
197.8mm
2050
210.9mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1046 8 Street SE, Calgary, AB, T2G 2Z4

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$173,684.96

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.59 %

High school certificate or equivalent

25.07 %

Apprenticeship trade certificate/diploma

5.26 %

College/non-university certificate

15.31 %

University certificate (below bachelor)

1.14 %

University Degree

44.63 %

Commuter

Travel To Work

By Car

66.73 %

By Public Transit

9.29 %

By Walking

13.35 %

By Bicycle

5.38 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.48 %

Houses

65.52 %

Own Vs. Rent

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