Enhanced value alert! Price significantly reduced on this high potential property & project. This exceptional 40’X125’ property offers a unique investment opportunity for builders and investors alike. Full working drawings, development permit and all necessary consultations done for building permit approval are available so you can break ground immediately and start realizing returns quickly. The property is ideally located in an up-and-coming neighborhood close to downtown and major transit routes, making it highly desirable for future homeowners and renters. The 3-plex layout has been thoughtfully designed to appeal to modern buyers. Each unit can be sold individually and would be very appealing to first time buyers thanks to the property’s prime location and the increasing need for housing in the area. Alternatively, this development is also perfect for a long-term hold strategy. The location is set to see continued growth in value, making it an ideal rental income property. Extremely close proximity to public transportation, downtown amenities, shopping and schools, tenants will enjoy both convenience and urban living at its best. This is a low-risk, high-reward opportunity for a builder or investor to capitalize on either short—term sales or long-term rental potential. Seize this opportunity to develop a turnkey project in one of the city’s most promising area. With everything ready to go, this 3-plex investment could be part of your portfolio! Should you wish to wait a while to start your project, with a little love, the current home on the property could be rented. Currently vacant and easy to show.
Address
405 22 Avenue NE
List Price
$579,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Area
Calgary CC
Sub-Area
Winston Heights/Mountview
Bedrooms
4
Bathrooms
2
Floor Area
1,211 Sq. Ft.
Lot Size
4996 Sq. Ft.
Year Built
1947
MLS® Number
A2170476
Listing Brokerage
Century 21 Bravo Realty
Basement Area
Full, Unfinished
Postal Code
T2E 1T8
Zoning
M-C1
Site Influences
Back Lane, Back Yard, Schools Nearby, Shopping Nearby, Park, Playground, Rectangular Lot
