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Nanton,AB T0L 1R0
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,305 sqft
Price per Sqft $347
MLS Listing ID A2169095
Style Apartment
Bedrooms 3
Full Baths 2
Half Baths 3
Originating Board Calgary
Year Built 1924
Annual Tax Amount $5,602
Tax Year 2024
Lot Size 6,003 Sqft
Acres 0.14
Property Description
Discover the ultimate investment opportunity with this versatile property, featuring spacious living quarters, a fully equipped Airbnb suite, and two prime commercial spaces-perfect for maximizing both residential and business potential. Situated on Nanton’s vibrant and charismatic Main Street, this multi-use heritage building was substantially renovated in 2015. The residential aspect of this beautiful building consists of a one bedroom loft style apartment (1,173.77 sq ft)-operating as an Airbnb business.. A striking space with endless windows, designed to take in the tree top view and having two half baths, a shower room and a large, modern kitchen with six seat diner-style bar. The two bed + den apartment (1,131.91 sq ft)-Owner occupied, has the most incredible heated hardwood floor.. There’s an expansive monochrome kitchen with induction cooktop, professional grade extraction, integrated convection oven and dishwasher, alongside well proportioned counter space. The primary bedroom is en-suite and features double sinks double showers, a bubble jet tub and a Japanese toilet. Both apartments have an abundance of real plants in the purpose-built planters. They share and look onto an incredible split level rooftop terrace of 825 sq ft. The terrace is a garden in the sky with its own well established trees and plants. Its sunken/hidden nature keeps it protected from the wind and as such, is private and secluded. These apartments have been design-led and truly have to be seen to be appreciated! In its current configuration, the commercial spaces are one retail unit at approx 1,000 sq ft (operating as a coffee shop) and another of approximately 3,800 sq ft (operating as a mini mall of boutique shops). These spaces benefit from having many original features retained, such as brick, hardwood floors and even a bank vault! With generous ceiling heights, good lighting (both natural and artificial) and modern electrical systems. There is a poured concrete basement of approximately 2,400 sq ft. It offers a large open storage area as well as an office, a washroom and additional storage spaces. A loading bay at the rear of the building and two off-street spaces with plug-ins means practicality for many business types. The majority of the HVAC, electrical and plumbing was renewed during the 2015 renovation. There are 400 Amps at service entry with 100 Amp sub panels throughout the building. Total Gross income 86,000$ with NOI of 61,000$ (Cap rate 7.25%) which can be substantiated for serious buyers
Location
State AB
County Willow Creek No. 26, M.d. Of
Zoning C1
Direction N
Rooms
Other Rooms 1
Interior
Interior Features No Animal Home,No Smoking Home
Heating In Floor,Forced Air
Cooling None
Flooring Hardwood
Appliance Induction Cooktop,Oven,Refrigerator,Washer,Wine Refrigerator
Laundry In Unit
Exterior
Garage Off Street
Garage Description Off Street
Community Features Golf,Park,Playground,Pool,Schools Nearby,Shopping Nearby,Sidewalks
Roof Type Metal
Porch Terrace
Lot Frontage 50.0
Exposure N
Total Parking Spaces 2
Building
Foundation Poured Concrete
Architectural Style Apartment
Level or Stories Single Level Unit
Structure Type Brick,Wood Frame
Others
Restrictions None Known
Tax ID 94758714
Ownership Private