$950,000

About this home

Attention developers, builders and investors - this is a rare opportunity to secure an exceptional redevelopment site in Shaganappi, one of Calgary’s most established and strategically located inner-city communities. Situated on an approximately 47' x 150' M-C2 zoned lot, the property checks the boxes investors look for: scale, zoning, transit, holding income and a head start on redevelopment, with a Development Permit application already submitted for a proposed 10-unit multi-residential project. The existing residence and legal one-bedroom basement suite provide holding income while the redevelopment process moves forward. The location is equally compelling - just one block from the LRT, minutes from downtown, and close to Westbrook Mall, parks, schools, recreation and everyday amenities. With the zoning, income and redevelopment work already in motion, the groundwork has been laid - the next owner gets to capitalize on the opportunity. (id:66681)

Property details

Bedrooms

3

Bathrooms

2

Half baths

0

Year built

1947

Property type

Residential

Building type

Bungalow

Appliances

Refrigerator, Dishwasher, Stove, Washer & Dryer

Nearby amenities

Golf Course Development

Parking

Other (1)

Zoning

M-C2

Community

Shaganappi

MLS®

A2331540

Days on market

2

Location