$2,490,000
245,240,235, 10960 42 Street NE
Beds
—
Baths
—
Sqft
4,500
Year
2019
Type
Business
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime fully leased investment opportunity located in the heart of Northeast Calgary’s established Jacksonport commercial hub. This offering consists of three contiguous commercial bays being sold together, providing a multi-tenant income stream with stable in-place tenancy.The property features approximately 4,500 sq.ft. of main floor space, complemented by additional upper-level/mezzanine areas in two of the three bays, accommodating four office spaces. The layout supports a flexible mix of industrial and office use, making it highly functional for a range of small commercial and light industrial tenants.Key building features include 14 ft overhead drive-in doors, 22 ft clear ceiling height, grade-level loading, multiple washrooms, and a kitchen area. The configuration allows for efficient operations and diversified tenant use, enhancing long-term income stability.Strategically positioned in Jacksonport Square, the property benefits from excellent exposure and accessibility, with convenient connections to Stoney Trail and Metis Trail NE Calgary, and proximity to Calgary International Airport. The area is characterized by strong industrial demand, limited small-bay supply, and continued commercial growth. (id:65958)
- Subtype
- Business
- Structure
- Commercial Mix
- Community
- Stoney 3
- Common interest
- Freehold
- Living area
- 4,500 square feet
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $32,721.08 (2025)
- Zoning
- I-C
- Photos
- 7
- MLS#
- A2303555
- Area
- CALGARY_NE
Cash on cash
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,186
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.