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Key Details
Sold Price $685,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,259 sqft
Price per Sqft $544
Subdivision Capitol Hill
MLS® Listing ID A2076438
Sold Date 09/06/23
Style Bungalow
Bedrooms 4
Full Baths 2
Originating Board Calgary
Year Built 1946
Annual Tax Amount $3,964
Tax Year 2022
Lot Size 5,996 Sqft
Acres 0.14
Property Description
Investor and Builder Opportunity: Discover an exceptional inner-city up/down duplex, presenting outstanding potential for long-term investment and future redevelopment. Nestled on an expansive 50 x 120 RC-G zoned lot, with the prospect of DC zoning due to a nearby property recently granted this status, this property strikes the perfect balance between immediate rental income and promising future growth possibilities.
At present, the duplex is tenanted with a combined rental income of $3,250 per month plus utilities, and the tenants are eager to continue their leases. This makes it an ideal long-term investment opportunity. Enjoy the consistent rental income while you strategize and obtain the required permits for future development.
Strategically situated, this property is within walking distance of numerous amenities, including the Southern Alberta Institute of Technology (SAIT), Confederation Park, esteemed schools, and the bustling North Hill Mall. In addition, you'll benefit from easy access to comprehensive city transit options, such as bus and LRT services, which quickly connect you to downtown Calgary and the University of Calgary in mere minutes.
Please be advised that the property is being sold in "As is" condition. Don't miss this rare chance to invest in a highly sought-after inner-city location with the potential to deliver impressive returns, both now and in the future.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-CG
Direction S
Rooms
Basement Finished, Partial
Interior
Interior Features Ceiling Fan(s), Natural Woodwork, Separate Entrance, Wood Counters
Heating Forced Air
Cooling None
Flooring Hardwood
Appliance Dishwasher, Dryer, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features Double Garage Detached
Garage Spaces 2.0
Garage Description Double Garage Detached
Fence Fenced
Community Features Park, Schools Nearby, Shopping Nearby
Roof Type Flat,Other,Tar/Gravel
Porch Deck
Lot Frontage 50.0
Total Parking Spaces 4
Building
Lot Description Back Lane, Rectangular Lot
Foundation Brick/Mortar
Architectural Style Bungalow
Level or Stories One
Structure Type Concrete,Other,Stucco
Others
Restrictions None Known
Tax ID 83249501
Ownership Private
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