info@settlersrealty.ca
CONTACT
$4,300,000
 
6340 Sq.Ft.
1324 1 Street SW, Beltline, Calgary, Alberta, T2R0V7
MLS® Number: A2270933

Multi-family House for Sale in Street SW Beltline Calgary

Property Information

This heritage building is property tax exempt! You pay NO property tax. A rare opportunity to own a beautiful 22-unit heritage building in the Beltline that has been restored. Built in 1909, it was extensively renovated in 2014 with everything done up to code, it’s turn-key. Major upgrades in 2014 include brand new electrical, plumbing, sprinkler system, 2 boilers that will last decades, 2 hot water tanks, make up air unit, flooring, kitchens, bathrooms. Roof was done in 2017, with metal and bitumen that will also last decades. There are 24 security cameras throughout the building. Common laundry room with Coinmatic washer and dryer. 2 parking stalls at the back. These units are small, roughly 300sqft each, which makes for affordable rents. Under the CMHC MLI Select program there is excellent leverage available, buildings like this would qualify for a borrower to get into a property with as little as 5% down. Unit mix consists of 1 x 2 bed, 18 x 1 bed, and 3 x bachelor units. It’s designated heritage which means there are grants with the City of Calgary for restoration and rehabilitation that will reimburse you up to 50% of the total approved project cost. *There is a government grant contract in place that requires rents to remain 10% below the CMHC benchmark for the Beltline; however, the rents are already well below that threshold. The new owner must get approved to take over this contract; it goes until 2034. This heritage building has lots of character and is easy to rent, tenants appreciate character buildings and the rents are affordable in the heart of downtown. (id:50315)

Property Summary
Property Type

Multi-family

Building Type

Storey

Community Name

Subdivision Name

Beltline

Title

 

Land Size
6340Sq.Ft.
Built in
1909
Annual Property Taxes
$0
Parking Type
Published
2 days
Building
Bedrooms
Total
Below Grade
 
Bathrooms
Total
Partial
Interior Features
Appliances Included

Flooring

Basement Features

Basement Type

Building Features
Features

Foundation Type

Architectural Style

Construction Material

Poured concrete

Floor Space
6340.00Sq.Ft.
Total Finished Area
6340.00Sq.Ft.
Structures
Concrete, Brick
Heating & Cooling
Cooling
Fireplace
Heating Type
Natural gas
Exterior Features
Exterior Finish
Concrete, Brick
Neighbourhood Features
Amenities Nearby
 
 
Parking Type
Total Parking Spaces
2
Interested in this property?
Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
Have a question or just want to learn a bit more about the property? That's what I'm here for! Would you like me to send you more information.
Yes, send me more info
Buying
• MacEwan Glen Homes for Sale: Finding Your Ideal Northwest Calgary Home • Explore Sherwood Calgary’s High-End Homes in 2024 • Luxury Living in Sage Hill: Exploring High-End Real Estate Options • Hanson Ranch Calgary's Premier Destination for Luxury Living in 2024 • Luxury Homes in Sandstone Valley: Experience Elevated Calgary Living • Exploring the Best Family Homes in Brentwood Calgary • Hidden Gems: Explore the Best Properties in Citadel, Calgary • Experience Elevated Living: Exploring Ranchlands’ Most Exclusive Homes • Find Your Forever Home in Nolan Hill: The Latest Property Listings • Experience Elevated Living: The Best Luxurious Homes in Evanston, Calgary • Panorama Hills Duplex Living: Spacious Designs, Prime Location • Family-Friendly Living: Real Estate Opportunities in Edgemont, Calgary • Why Millrise is Calgary’s New Hotspot for Luxury Property Buyers? • Luxury Living in Oakridge: Explore the Best Homes for Sale • Discover Luxury Living: Exclusive Real Estate Opportunities in Patterson, Calgary • Investment Opportunities in 2024: Homes for Sale in Discovery Ridge, Calgary • Braeside's Most Luxurious Properties: Your Dream Home Awaits • Elevate Your Lifestyle: Luxurious Real Estate Opportunities in Kingsland, Calgary • Living Lavishly: Inside Elboya's Most Prestigious Properties • Investing in Single-Family Homes: Eau Claire, Calgary’s Best Opportunities
STAY UPDATED WITH THE LATEST TRENDS
Latest Blog
Why Calgary Stands Out as Canada’s Most Livable City
September 11, 2025
Why Calgary Stands Out as Canada’s Most Livable City
When it comes to quality of life, Calgary consistently earns recognition as one of Canada’s most livable cities. Known for its breathtaking landscapes, thriving economy, and vibrant culture, Calgary has become an attractive destination for both residents and newcomers.
Why West Calgary is the Perfect Place to Call Home
September 02, 2025
Why West Calgary is the Perfect Place to Call Home
If you’re considering a move within Calgary, West Calgary should be high on your list. Known for its stunning views, vibrant communities, and easy access to both nature and the downtown core, West Calgary offers the best of both worlds for families, professionals, and retirees alike. Here are some compelling reasons why West Calgary is a top choice for many residents.
Buying or Selling a Townhouse in Calgary: Everything You Need to Know
August 26, 2025
Buying or Selling a Townhouse in Calgary: Everything You Need to Know
The Calgary real estate market has seen steady growth, making townhouses one of the most popular property types for both first-time buyers and seasoned investors. Whether you’re planning to buy your first home or sell your current property, understanding the townhouse market in Calgary is key to making smart decisions.
By using our site, you agree to our Terms of use and Privacy Policy     Dismiss