For Sale

905 Mckinnon Drive, Calgary, Alberta T2E6A6

$2,600,000

905 Mckinnon Drive, Calgary, Alberta T2E6A6 is For Sale and has a listing price of 2,600,000. The property is located in the Mayland Heights neighbourhood. It's been on the website for 32 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • 8
    Parking Spaces
  • MLS ID: A2188148
  • Office Name Sotheby's International Realty Canada
Property Description

Built in 2010, this is a superior building in both quality and design throughout. Offering 5 PREMIUM two-bedroom units and a 6th office/boardroom space of approx. 700 SqFt (that could be converted to a large studio 1 bedroom suite), this corner lot building sides on to an alley and back feeder lane, has dedicated parking stalls, and a garage for the massive luxury oversized owners suite – which occupies the majority of the top floor. Beautiful aesthetics include stucco finish with stone and wood accents, multi-chambered pvc windows and thoughtful landscaping including a stamped concrete walkway to the covered entrance. Current design allows for top floor owner suite with adjacent private office space, or slight redesign the office to generate more tenant revenue which could easily command an additional $1500/mo. Two walkout units enjoy large windows and generous proportions with 9ft ceilings. The main floor units, with 8ft ceilings, offer slightly higher specifications, with engineered flooring and fireplace(s). The 2nd level ‘owners’ suite is very well appointed with PRIVATE ELEVATOR to the garage, 2bds and an additional flex large room, granite countertops, vaulted ceilings and substantial windows, offering excellent views of the west rear exposure to the mountains. This is an extraordinary ‘penthouse’ style unit. All units have central A/C and the building is under a single title. Located in the established and stable community of Mayland Heights, near schools, just west of Barlow Trail and 5Kms from the International Airport. With property values and rents increasing due to unprecedented demand, this premium building is both underutilized and could easily benefit from significantly updated rents and even alternative use as luxury AirB&B suits. Operating expenses of approx. $53000 and total income possible from $145000 to $185000, this is an excellent stable & enduring value for the discerning investor. Proforma attached in supplements along with building drawing s, RPR etc. Rents are slowly being increased as they have been under market rates, and are being brought into more appropriate rates. Flexible possession is available with leases assumed. (id:43137)

Property Details
  • MLS ID: A2188148
  • Price: $2,600,000
  • Transaction Types: For Sale
  • Ref ID: 27834539
  • Year Built: N/A
  • Approx Sqft: 7083 sqft
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
01/23/2025 A2188148 $2,600,000 For Sale - -
05/08/2024 A2123733 $2,600,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Mayland Heights
  • $617,828 Average List Price
    based on 1 year
  • 4 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change +123.8%
  • 3 Month Change +81.8%
  • 6 Month Change +96.3%
Multi-family
All Properties
$3.5M$3.5M$2.8M$2.8M$2.1M$2.1M$1.4M$1.4M$700K$700K$0$0September 2023September 2023October 2023October 2023November 2023November 2023December 2023December 2023January 2024January 2024February 2024February 2024March 2024March 2024June 2024June 2024July 2024July 2024August 2024August 2024September 2024September 2024October 2024October 2024November 2024November 2024December 2024December 2024January 2025January 2025February 2025February 2025
Walkscore
Property Type Distribution
77.8%21.6%
  • All Houses
    77.78%
  • Commercial
    0.58%
  • Condo
    21.64%
Additional Details
  • Heat Source Natural Gas
  • Exterior Stone, Stucco
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 8
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 23/01/2025 00:00:00
  • Zoning Dc-50
  • Agent Name: Steven Hill
  • Address Subdivision: Mayland Heights
  • Last Updated: 19/02/2025 17:02:07
Open House Dates
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