Langley House | 1909 17th Ave SW
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Langley House 1909 17th Ave SW
3,548 SF 100% Leased Office Building Calgary, AB T2T 0E9 $1,067,147 USD ($301 USD/SF) 5% Cap Rate
Investment Highlights
- Excellent exposure/signage
- Character building, in great shape: NEW ROOF next month
- 100% leased, current tenants to stay, if preferred by new owner
- 5% cap rate, 10 offices, reception area, plus 2 office/bedroom lower level suite
- Owner eligible for exterior maintenance grants in 2025
- Current financials upon request, text 403-616-1522
Executive Summary
Prime investment opportunity. Excellent access from Crowchild Trail SW. 100% leased, with monthly notice available for investor/owner flexible occupied. Please contact owner for current financials and to arrange a viewing. The lower level is for lease for personal service businesses. Or the building is for sale if you need more office space for your business. You could use a portion and lease out the rest. The current tenants are hoping to stay on. Call or text the owner at 403-616-1522 for more details and a tour.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Historical Site
Property Type
Building Size
3,548 SF
Building Class
B
Year Built/Renovated
1911/2010
Price
$1,067,147 USD
Price Per SF
$301 USD
Cap Rate
5%
NOI
$53,357 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,056 SF
Slab To Slab
8’
Building FAR
0.63
Land Acres
0.13 AC
Zoning
DC - Direct control zoning.
Parking
8 Spaces (2.25 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Reception
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1,056 SF lower-level space available for lease. $2,200/month (gross). Minimum 6-month term; available on a month-by-month basis thereafter.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,056 SF | Office | Full Build-Out | Jan 2025 |
1st Floor
| Size |
| 1,056 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jan 2025 |
1st Floor
| Size | 1,056 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Jan 2025 |
1,056 SF lower-level space available for lease. $2,200/month (gross). Minimum 6-month term; available on a month-by-month basis thereafter.
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (80)
DEMOGRAPHICS
Demographics
1 KM
3 KM
5 KM
2023 Population
16,335
124,479
247,414
2023 Households
9,302
66,195
122,541
Median Household Income
$67,245
$84,631
$85,136
Daytime Employees
4,413
125,032
251,439
Total Businesses
585
7,783
14,037
College Degree + Higher
49%
57%
54%
$ values in CAD
-
Carol Elliott - Vista Investments Ltd.
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Langley House | 1909 17th Ave SW
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