Attention Investors and Developers! A rare lot with limitless potential.
Discover this exceptional turnkey investment opportunity in the highly sought-after neighborhood of Tuxedo Park. Situated on a rare 62-foot wide by 120-foot deep lot with R-CG zoning, this property offers stunning downtown city views and significant redevelopment potential.
The home contains four self-contained illegal suites, each with its own entrance, deck or green space, and access to beautiful city views. These units are designed for privacy and comfort, appealing to long-term tenants.
This is an ideal property for future redevelopment or long-term holding, especially with the recent city-wide rezoning policies encouraging greater density. Located minutes from downtown, SAIT, U of C, top-rated schools, public transit, and major roadways, the convenience and potential here are unmatched.
Don't miss this rare chance to invest in one of Calgary’s most desirable inner-city communities.
Address
116 31 Avenue NW
List Price
$899,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Tuxedo Park
Bedrooms
4
Bathrooms
4
Floor Area
1,564 Sq. Ft.
Lot Size
7472 Sq. Ft.
Year Built
1949
MLS® Number
A2211167
Listing Brokerage
CIR Realty
Basement Area
Full, Suite
Postal Code
T2M2N9
Zoning
R-CG
Site Influences
Back Lane, Cleared, Schools Nearby, Park, Playground