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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$799,900

Est. payment - /mo

5 Beds

2 Baths

1,153 SqFt

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1153

Square Footage 1,153 sqft

Price per Sqft $693

Subdivision Killarney/Glengarry

MLS® Listing ID A2351438

Style Bungalow

Bedrooms 5

Year Built 1953

Lot Size 6,243 Sqft

Acres 0.14332113

Property Sub-Type Freehold

Property Description

**ATTENTION BUILDERS, DEVELOPERS & INVESTORS!** An outstanding opportunity to secure a full-size **50' x 125' inner-city lot in the highly sought-after community of Killarney!** With rear lane access and exciting redevelopment potential, this property is ideally suited for those looking for their next inner-city project. Adding to its appeal, **the neighbouring lot just received approval for rezoning to R-CG**, highlighting the redevelopment possibilities in this location. Whether you're considering a future infill project, townhome development, or exploring higher-density redevelopment options such as H-GO zoning, this substantial parcel offers exciting possibilities, subject to City approvals. **ADDED BONUS!** The existing property is a legally suited up/down duplex generating approximately **$3,400 per month in rental income**, featuring 3 bedrooms upstairs and 2 bedrooms downstairs. Great long-term tenants provide valuable holding income to help offset carrying costs while you explore rezoning, development plans, and permitting for your next project. Situated in an established inner-city neighbourhood surrounded by modern infills and ongoing redevelopment, the property is just minutes from downtown, schools, parks, transit, major routes, and the popular shops and restaurants of 17th Avenue SW. **BUY NOW, COLLECT RENT, AND PLAN FOR THE FUTURE!** A fantastic opportunity to secure a substantial inner-city lot with immediate rental income and exciting redevelopment potential in one of Calgary's most desirable communities! (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Basement 9.75 Ft x 4.50 Ft 4pc Bathroom

Extra Room 2 Basement 10.08 Ft x 9.92 Ft Bedroom

Extra Room 3 Basement 12.33 Ft x 14.00 Ft Bedroom

Extra Room 4 Basement 10.33 Ft x 13.25 Ft Kitchen

Extra Room 5 Basement 12.25 Ft x 23.75 Ft Recreational, Games room

Extra Room 6 Basement 4.50 Ft x 7.83 Ft Storage

Interior

Heating Forced air,

Cooling None

Flooring Carpeted, Linoleum

Exterior

Parking Features No

Fence Fence

Community Features Golf Course Development

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by CIR Realty

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

3218 29 Street SW Calgary, AB T3E2L1