4715 88 Av NE 600 SF 100% Leased Office Building Calgary, AB T3J 5R4 $389,000 CAD ($648.33 CAD/SF) 4% Cap Rate

Unit 1220 at 4715 88 Avenue NE is a second-floor office condominium located within a fully leased neighbourhood commercial plaza in the Saddle Ridge area of Northeast Calgary. The unit comprises approximately 600 SF and features four private offices and a dedicated kitchen/staff area, with extensive leasehold improvements reportedly valued at up to $150,000, providing turnkey occupancy. The building was constructed in 2021 and is zoned C-N2 (Commercial – Neighbourhood 2), supporting a range of professional and service-oriented office uses. The property is being marketed at an asking price of $389,000, equating to approximately $648/SF. The listing indicates potential gross rental income of approximately $2,200 per month, implying an advertised ~10% gross yield, though income and expense details have not been independently verified. Annual municipal property taxes are reported at approximately $4,714. The condominium includes a reported land component of 119 m² (approximately 0.03 acres), held as a shared condominium interest rather than fee-simple land. The unit benefits from its location near the Saddle peace Gurdwara, which contributes to strong pedestrian activity and daily foot traffic within the plaza. Overall, the property presents as a modern, small-format office investment or owner-user opportunity within a dense, growing residential trade area of NE Calgary.