1117 8 Street SE — Calgary, Alberta

Fantastic opportunity to own a revenue property in one of Calgary’s most walkable(84 Walk score) underrated & quickly developing inner-city communities. Ramsay has that small town vibe with walking distance to big city energy. This 1,078 sq. ft. bi-level has six bedrooms, three bathrooms and an up/down illegal suite, with two furnaces, two hot-water tanks and shared laundry. Both levels are occupied by stable tenants who would like to stay. Current rents are $1,750 upstairs and $1,050 downstairs including utilities, for total rental income of $2,800 per month.The real story here is the location and the long-term potential of Ramsay. Downtown is approximately four minutes away by car, with historic Inglewood just as close. Walk to the new arena or Stampede. The City is investing in the Ramsay–Inglewood area through new streetscapes, parks and pathway connections, while the future Ramsay/Inglewood Green Line station is planned to connect the neighbourhood with downtown and southeast Calgary. Like fireworks & One of Calgary's best views at Scotchmans Hill is 5 blocks away. This is also becoming one of Calgary’s best areas for local beer, food and independent businesses. Dandy Brewing is in Ramsay, with Eighty-Eight Brewing, Cold Garden and the future return of Ol’ Beautiful nearby. Good Cheer Brewing has also joined Ramsay in a restored historic building. Just down the hill, Inglewood offers independent shops, restaurants, live music at the Ironwood Stage & Grill and Pedal Pub brewery tours.Buy into Ramsay while it is still evolving, keep two established tenants in place and hold a property in a location that continues to become more connected, active and desirable. Updates: Upstairs: Triple-pane, double-glazed windows, furnace replaced in 2006, serviced in 2020 and 2023 (replace motors), H20 tank replaced in 2022, range replaced in April 2022, paint refreshed in 2019. Lower: Furnace replaced in 2017, serviced in 2025 , water heater replaced in ~2009, pa int refreshed in 2016, Dryer replaced in December 2022. EXTERIOR: Shingles replaced in June 2014, Gutters cleaned in 2026, Fence replaced (excluding North section) in 2019. (id:63357)