Contact Us MoreMenu

725 9th, Canmore, Alberta

$1,299,000Active

725 9th, Canmore, Alberta T1W 2V7
RE/MAX ALPINE REALTY - MLS® ID: C4128471

Property Details

725 9th, Canmore, Alberta T1W 2V7 - 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!

View Virtual Tour

Amenities

  • ZipT1W 2V7
  • Countybighorn
  • SQFT3315
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Year built1985
  • Parking0
  • Office IDC185000
  • Agent IDCANTHORA
  • Agent nameRaymond Anthony
  • MLS® IDC4128471

Broker: RE/MAX ALPINE REALTY

Listing Courtesy of RE/MAX ALPINE REALTY

Have Questions?

“I wouldn't use anyone other than KaraLee and Century 21 Summit Realty! KaraLee provided professional and personal service, we were her priority!”

Call us
(587) 390-0715