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Descriptions:
Prime Investor Alert: Cash Flow & Development Potential in Capitol Hill - Instant Cash Flow with unrivaled potential and Unbeatable location!! Secure your stake in Calgary's burgeoning real estate market with this phenomenal bungalow in highly coveted Capitol Hill. This isn't just acquiring a home; it's securing a proven income-generating machine that immediately yields exceptional returns while simultaneously offering massive future upside. Step into immediate profitability! The existing six-bedroom configuration, complete with a finished basement, is currently generating a remarkable $4,000.00 per month in rental revenue—a robust cash flow that covers your costs from day one. The demand for this address is unparalleled; you'll enjoy a steady, high-quality stream of tenants eager for the tranquility of Capitol Hill, all while being just steps away from two of Calgary's most prestigious post-secondary institutions: the University of Calgary (U of C) and SAIT. Crucially, the long-term value is locked in the land. The savvy current owner has already invested in the future by completing three distinct sets of development permit drawings. This preparation allows the next owner to immediately choose their ideal exit strategy, whether it be an infill, duplex, or a fully legalized multi-suite conversion, maximizing the return on investment (all subject to municipal by-laws). This property is perfectly positioned for the investor looking for the rare combination of strong current cash flow and significant future appreciation. This is a Priced to SELL opportunity—a chance to own a true piece of Calgary's future. Don't delay - contact us today to unlock the full development and financial potential this property holds!. 24th Avenue has special zoning and the City will allow 3 storey multi-family buildings/ apartments. Priced to SELL - CALL TODAY!
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| Status: |
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Active
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| Includes: |
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none |
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| Site Influences: |
| Back Lane, Landscaped, Level, Rectangular Lot, Treed |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
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| Neighbourhood: |
Banff Trail
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| Lot Size: |
0.17
sq.ft.
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| Lot Shape: |
Back Lane,Landscaped,Level,Rectangular Lot,Treed |
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| Property Info: |
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| Property Type: |
Residential Detached Single Family |
| Home Style: |
Bungalow |
| Year Built: |
1951 |
| Total Floor Area: |
1,468 sq. ft. |
| Brokerage: |
CIR Realty |
| Construction Type: |
Cement Fiber Board,Concrete,ICFs (Insulated Concrete Forms),See Remarks,Wood Frame
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| Front Exposure: |
N
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| Exterior: |
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| Exterior: |
Cement Fiber Board, Concrete, ICFs (Insulated Concrete Forms), See Remarks, Wood Frame |
| Construction: |
Cement Fiber Board,Concrete,ICFs (Insulated Concrete Forms),See Remarks,Wood Frame |
| Frontage: |
15.24M 50`0" |
| Front Exposure: |
N |
| Roof: |
Asphalt Shingle |
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| Rooms: |
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| Total Bedrooms: |
6
(Bedrooms Above: 3)
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| Bathrooms: |
Full: 3
/ Half: 0
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| Rooms Above: |
6 |
| Ensuite: |
No
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| Parking Plan Type: |
Double Garage Detached
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| Garage: |
1
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| Additional Info: |
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| Heating: |
Forced Air, See Remarks |
| Basement: |
Full |
| Basement Type: |
Full |
| Floor Finish: |
Ceramic Tile, Hardwood, Vinyl, Vinyl Plank |
| Fireplace Details: |
For Sale |
| Parking: |
Double Garage Detached |
| Total Parking: |
2
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| Restrictions: |
Contact for Restrictions |
| Heating Type: |
Forced Air,See Remarks
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| Heating Fuel: |
Forced Air,See Remarks
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| Restrictions: |
None Known
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Contact Mike MacLean -
Suite 202 5403 Crowchild Trail NW, Calgary, Alberta, T3B 4Z1
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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