We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
140, 5700 1 Street SW
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Calgary · Industrial · under $2,700,000. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Property OverviewThis is a prime owner-user or investment opportunity located within the established Summit Park Business Center. The property is configured with a main floor office and an adaptable warehouse component (capable of expansion), complemented by a fully built-out second-floor office. Both levels are currently leased to two separate tenants with terms running until October 31, 2027, offering immediate holding income.Spatial Configuration•Main Floor: Features a welcoming reception area, a large kitchen, and 7 private offices (including 3 with full-height windows). The office is 3206 sqft with the warehouse 1,638 sq. ft. of clear-span space, a 415 sq. ft. standalone mezzanine, and two 12' x 14' drive-in overhead doors. Ceiling height 24 ft. •Second Floor: A fully self-contained, separated office built out with a dedicated reception area, 7 private offices, a boardroom, a kitchen, two washrooms, and two storage rooms. The sqft is 2989 sqft•Parking: Generous parking allocation including 13 designated surface stalls and 1 titled stall. The condo fees include: Management fee, Property Taxes for common areas, reserve fund, common area insurance. Location and ConnectivitySituated at 140, 5700 1st Street SW second floor unit has it’s address #138, this location offers significant logistical and operational advantages. Positioned just off Macleod Trail with immediate connections to Glenmore Trail and Deerfoot Trail, the property sits minutes from Calgary’s downtown core. The surrounding district is highly serviced, providing quick access to CF Chinook Centre and nearby Calgary Transit LRT stations, ensuring excellent commuter convenience and high visibility. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,247
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
1.1 km away
straight-line
3.0 km away
straight-line
3.3 km away
straight-line
210 m away
straight-line
Ishtar Restaurant
4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada
4.5★ · 638 reviews
1.3 km away
straight-line
Pita Queen
7204 Fairmount Dr SE #3, Calgary, AB T2H 1Z1, Canada
4.8★ · 224 reviews
1.6 km away
straight-line
1.3 km away
straight-line
1.5 km away
straight-line
5.0 km away
straight-line
Elbow Park School | Calgary Board of Education
721 38 Ave SW, Calgary, AB T2T 2H8, Canada
2.2 km away
straight-line
Chinook Park School | Calgary Board of Education
1312 75 Ave SW, Calgary, AB T2V 0S9, Canada
2.6 km away
straight-line
Earl Grey School | Calgary Board of Education
845 Hillcrest Ave SW, Calgary, AB T2T 0Z1, Canada
3.3 km away
straight-line
Chinook station
Calgary, AB T2H 0G6, Canada
2.1★ · 14 reviews
650 m away
straight-line
Chinook LRT Station WB
Calgary, AB T2H 0G6, Canada
3.5★ · 4 reviews
650 m away
straight-line
Chinook LRT Station WB
Calgary, AB T2H 0G6, Canada
4.5★ · 2 reviews
670 m away
straight-line