+1 more
$1,285,000
1607 25
Calgary (Bankview), Alberta, T2T0Z9
multiplex·sale·Tax $5,379/yr
Active
2
Bedrooms
1
Bathrooms
1,847 sqft
Living Area
745 sqft
Lot
1950
Year Built
About This Property
This 2-bedroom, 1-bathroom multi-family in Calgary offers 1,847 sqft of living area on a 745 sqft lot. Built in 1950, 1 storey. The property has lot dimensions of 745.00. The home features hardwood flooring, forced air, natural gas heating, a finished, full, separate entrance, suite basement. Highlights include a 4-car garage.
MLS Remarks
Rare opportunity to acquire a prominent 8,000+ sq ft corner lot in the elevated southeast pocket of Bankview. Positioned on a hilltop with attractive panoramic and inner-city views, this property offers exceptional long-term redevelopment potential in one of Calgary’s established inner-city communities.Zoned M-CG d72, the site supports low-rise multi-residential development (subject to City approval). The corner configuration provides valuable frontage and design flexibility, while the elevated setting enhances future build possibilities.The property is currently improved with a bungalow duplex configuration: one side is tenant-occupied, and the other side includes an illegal basement suite and is presently vacant, offering immediate flexibility for investors or future planning.The existing structure is in well lived-in, renovation-deferred condition and is being offered primarily for its land value and redevelopment potential. Furnaces on both sides and the entire roofing has been replaced in the last 3 years.An ideal acquisition for builders, developers, or strategic investors seeking an income-producing inner-city site with scale, corner exposure, and strong zoning fundamentals. (id:60351)
Overview
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