This is a great opportunity for a builder. It is a corner-over-size lot. Zoning MU-1 f4.5h20 The MU-1 district is for commercial and residential uses in street-oriented buildings. The district allows both commercial and residential uses at street level. The City still needs to review your building permit application though. The current tenant has been notified to vacate the property by the end of July 2024. But consider this as land value only. The property and appliances are to be sold in as-is and where-is condition.More details
This owner occupied home is a must see, loads of value here for the savvy investor.Excellent parcel to build on,M C 1 zoningTotal of 4 bedrooms.2 on main floor with a 2 bed self contained illegal suite in the lower level with a seperate entrance.This home is in good condition with loads of recent upgrades.Outside you have a great yard,double garage,parking pad off the front street. Property is nicely fenced and shows well.More details
Welcome to your next investment opportunity in Calgary's vibrant Forest Lawn neighborhood! This dual tenancy, single-family dwelling presents a compelling proposition for savvy investors looking to capitalize on a robust rental market and future development potential.
Situated on a generous 493 sq meter lot with M-C1 zoning (soon to be R-CG with City of Calgary zoning changes), this property is currently fully rented, generating a solid income of $3,730 per month. The upper and lower levels, along with a separately rented garage, ensure steady cash flow from day one. Whether you're seeking a stable holding property or long-term rental income, this versatile asset offers both immediate returns and promising future possibilities.
The lot dimensions of 50' by 120' provide ample space for various development opportunities permitted under the new zoning, including potential infill projects. Forest Lawn is witnessing a surge in infill developments, making this property not only a lucrative income generator but also a strategic investment in Calgary's evolving real estate landscape.
Convenience is key with easy access to major transportation routes such as the BRT, Deerfoot Trail, and the Stoney ring road, facilitating seamless commutes across the city. East Hills Shopping Center, featuring popular retailers like Costco and Walmart, is just a short drive away, ensuring residents have all amenities at their fingertips.
For outdoor enthusiasts, Elliston Park is nearby, offering a picturesque setting for recreation and leisure activities. Whether your tenants enjoy outdoor festivals or serene walks by the lake, this location caters to diverse lifestyles.
Don't miss out on this exceptional opportunity to enter Calgary's booming real estate market. Whether you're a seasoned investor or exploring your first investment property, this dual tenancy home in Forest Lawn promises both immediate returns and future growth potential. Schedule your showing today and secure your stake in Calgary's dynamic property market!More details
Data was last updated June 28, 2024 at 12:05 AM (UTC)
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