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INVESTMENT HIGHLIGHTS
- Main-level warehouse space with direct access through a fenced storage yard to a convenient loading dock area, featuring two 10' overhead doors for ea
- Prime location just minutes from scenic trails and parks, offering easy access to all parts of the city.
- Private rooftop access with an expansive deck featuring a hot tub, custom garden boxes, and breathtaking panoramic views of the city lights & surround
EXECUTIVE SUMMARY
This exceptional historic building combines timeless character with modern functionality, offering a unique opportunity for both residential and commercial use. Located on the rapidly transforming 1st Street in a designated Opportunity Zone, this property is poised for future growth as the city invests in revitalizing the area, including new streets, curbs, and gutters. This revitalization is part of a broader transformation of the warehouse district into a vibrant retail and downtown living hub.
Upon entry, you'll be greeted by an expansive lobby area that leads into versatile office space, perfect for a professional setup. The main-level warehouse area features ample storage space and convenient access to a fenced storage yard, complete with a loading dock area and two 10-foot overhead doors, providing easy access for deliveries and operations. For added convenience, an operating freight elevator serves all floors, ensuring smooth movement of goods and equipment.
The top floor is dedicated to a spacious loft-style apartment, offering a large kitchen, a bright and airy atrium, and a relaxed, open atmosphere. Step outside to the private rooftop deck, an urban oasis that features a built-in garden, hot tub, and stunning views of the city skyline and surrounding mountains. Whether you're relaxing in the hot tub or tending to your garden boxes, this rooftop space provides the perfect place to unwind or entertain.
The property also boasts a lovely ground-level garden area with a charming gazebo, adding a touch of tranquility to the urban landscape. Located just minutes from local parks, trails, and key city access points, this property offers unparalleled convenience and a sense of community in a rapidly developing neighborhood. Whether you’re seeking a unique residential space, a dynamic commercial opportunity, or a blend of both, this building provides the perfect canvas for your next venture.
Upon entry, you'll be greeted by an expansive lobby area that leads into versatile office space, perfect for a professional setup. The main-level warehouse area features ample storage space and convenient access to a fenced storage yard, complete with a loading dock area and two 10-foot overhead doors, providing easy access for deliveries and operations. For added convenience, an operating freight elevator serves all floors, ensuring smooth movement of goods and equipment.
The top floor is dedicated to a spacious loft-style apartment, offering a large kitchen, a bright and airy atrium, and a relaxed, open atmosphere. Step outside to the private rooftop deck, an urban oasis that features a built-in garden, hot tub, and stunning views of the city skyline and surrounding mountains. Whether you're relaxing in the hot tub or tending to your garden boxes, this rooftop space provides the perfect place to unwind or entertain.
The property also boasts a lovely ground-level garden area with a charming gazebo, adding a touch of tranquility to the urban landscape. Located just minutes from local parks, trails, and key city access points, this property offers unparalleled convenience and a sense of community in a rapidly developing neighborhood. Whether you’re seeking a unique residential space, a dynamic commercial opportunity, or a blend of both, this building provides the perfect canvas for your next venture.
PROPERTY FACTS
| Price | $558,228 CAD | Lot Size | 0.21 AC |
| Price Per SF | $42.94 CAD | Rentable Building Area | 13,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Year Built | 1930 | |
| Zoning | General Commercial | ||
| Price | $558,228 CAD |
| Price Per SF | $42.94 CAD |
| Sale Type | Investment or Owner User |
| Property Type | |
| Lot Size | 0.21 AC |
| Rentable Building Area | 13,000 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | General Commercial |
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | RPPOC247900 | Improvements Assessment | $185,320 CAD |
| Land Assessment | $49,272 CAD | Total Assessment | $234,592 CAD |
PROPERTY TAXES
Parcel Number
RPPOC247900
Land Assessment
$49,272 CAD
Improvements Assessment
$185,320 CAD
Total Assessment
$234,592 CAD
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505 S 1st Ave
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