4,566 ft²Multifamily$4,199,999Sale
4,566 ft²
Multifamily
$4,199,999
Sale
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Shag 5 combines thoughtful design with a favorable location within the community of Shaganappi Point. The transit-oriented project is comprised of 10 units and is fully leased.
The Space
Asking Price$4,199,999
Available Space4,566 ft²
Suite Number10
Floor2
Net Operating Income$212830
Property UseInvestment property
MLS® IDA2103420
SourceDirect
The Building - shag 5
Stacked Townhouse Rental $4,199, 999 | Assumable CMHC Mortgage at 4.47% (Conditions Apply) Fully leased at market rents as of October 2023 9.2% increase in the average effective rent Y-O-Y Rapidly shrinking vacancies and no provincial control on rent increase led to the fastest rent growth the metro has seen since 2008. Total Number of Units 10 Year Built 2022 Parking: 5 covered stalls with ample street parking Zoning: M-C2 Number of Stories: 2.5 Occupancy: 100% Financing: CMHC assumable at 4.47% (conditions apply) Site Area: 712 sm (7672 sqft / 0.071 ha) Building Footprint: 424 sm ( 4566 sqft )
Property TypeMedical
Floors2
Building Size4,566 ft²
Lot Size7,672 ft²
Cap Rate5.1%
Transit Friendly
Up to $500K for Alberta businesses
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