Active

SOUTH CANMORE

506 1st Street , Canmore, AB

$1,750,000

Residential · MLS® A2315584
3Bedrooms
2Bathrooms
1,346Sq Ft
2Garage
0Year Built
02 / Overview

PROPERTY OVERVIEW

South Canmore home with great redevelopment potential. Prime redevelopment opportunity in an exceptional Canmore location, just steps from the Bow River, Main Street, and an extensive network of hiking and biking trails. This charming mountain retreat offers the flexibility to enjoy as a personal getaway, hold as an investment property with strong rental income potential, or plan and build your future dream home. Set on a beautiful lot with mature trees, the property presents endless possibilities in one of Canmore’s...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,346 sq ft
Lot Size4,978 sq ft
ZoningR1
HeatingForced Air
CoolingNone
ParkingParking Pad
ExteriorOther
BasementNone
Year Built0
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$5,228After mortgage & expenses
Cap Rate0.9%Based on market rents
Cash on Cash Return-17.9%With 20% down payment
Est. Monthly Rent$2,506Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

SOUTH CANMORE

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Investment ScoreN/A
Avg Home PriceN/A
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Listed by DAN SPARKS · Century 21 Nordic Realty