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Descriptions:
Attention Developers & Investors! A rare opportunity in the heart of West Hillhurst to secure a full sized 50’ x 125’ R-CG lot with a Development Permit in process for a thoughtfully designed 3 story luxury fourplex, each unit featuring a legal basement suite and a total of eight income producing units. This is an ideal site for a CMHC MLI Select project, allowing buyers to maximize leverage and long term rental potential.
The existing home, updated a few years ago, offers a three bedroom main floor with one full bathroom plus an illegal basement suite with a private entrance, two bedrooms, and a three piece bath. A double detached garage, fenced yard, and solid rental income make this a great holding property while you advance the development.
To streamline the process further, the seller is open to building the project and delivering it turnkey for a resale value of approximately $3.5M; offering a unique, hassle free option for investors looking for immediate entry into Calgary’s booming multi family market.
Beyond the development potential, the location is exceptional. Set in one of Calgary’s most sought after inner city communities, this property offers unmatched access to parks, schools, shopping, coffee shops, and the Bow River pathway system, all while being just minutes to downtown. For builders, developers, or long term investors, this is a rare chance to secure a future ready multi family site in a prestigious location with strong rental demand. Call you Realtor and get it going !
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| Status: |
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Active
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| Includes: |
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n/a |
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| Site Influences: |
| Back Lane |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
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| Neighbourhood: |
West Hillhurst
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| Lot Size: |
0.14
sq.ft.
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| Lot Shape: |
Back Lane |
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| Property Info: |
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| Property Type: |
Residential Detached Single Family |
| Home Style: |
Bungalow |
| Year Built: |
1952 |
| Total Floor Area: |
1,030 sq. ft. |
| Brokerage: |
Real Broker |
| Construction Type: |
Concrete,Wood Frame
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| Front Exposure: |
N
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| Exterior: |
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| Exterior: |
Concrete, Wood Frame |
| Construction: |
Concrete,Wood Frame |
| Frontage: |
15.24M 50`0" |
| Front Exposure: |
N |
| Roof: |
Shingle |
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| Rooms: |
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| Total Bedrooms: |
5
(Bedrooms Above: 3)
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| Bathrooms: |
Full: 2
/ 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 |
| Basement: |
Finished, Full, Suite |
| Basement Type: |
Finished, Full, Suite |
| Floor Finish: |
Laminate, Tile |
| Fireplace Details: |
For Sale |
| Parking: |
Double Garage Detached |
| Total Parking: |
2
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| Restrictions: |
Contact for Restrictions |
| Heating Type: |
Forced Air
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| Heating Fuel: |
Forced Air
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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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