FULL SIZE 50' x 120' R-C2 LOT IN ALTADORE
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Here is a great opportunity for a full-size development lot in Altadore, one of Calgary's most desirable inner-city communities. Facing directly onto green space, this property is just a short 16 min walk from Mount Royal University and within a 5 min drive or 25 min walk of numerous shops, services, recreational facilities and multiple schools.
This is a great opportunity to develop two detached or semi-detached infills with or without basement suites. Or, seek a rezoning and build townhomes - this location works well for either! One of the few remaining lots on this block with green space right out front, this property would also offer some great mountain views from a second or third storey.
The existing home is 50's era bungalow with illegal basement suite - easily rentable while you do up plans and get your permits for development. The upper 2-bed unit offers hardwood floors, large living and dining rooms, full kitchen with breakfast nook, and 4-pc bath. The lower level contains an illegal 2-bedroom suite (windows may not meet current egress requirements), providing an opportunity for additional rental income. A large storage room and shared laundry complete the lower level. The property also has a sizeable backyard, detached garage, and carport.
Altadore is renowned as one of Calgary's most desirable inner city communities, chock full of amenities, parks and schools. Commuting downtown or throughout the city is a breeze thanks to quick access to Crowchild Trail and Glenmore Trail.
If you're seeking a redevelopment project in a prime location or looking for an investment property with great development potential, this listing offers an ideal solution. Act quickly—opportunities like this are few and far between.
Reach out today for more information!
Address
5016 22 Street SW
Sold Date
11/06/2024
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Altadore
Bedrooms
5
Bathrooms
2
Floor Area
978 Sq. Ft.
Lot Size
6006 Sq. Ft.
Year Built
1956
MLS® Number
A2128461
Listing Brokerage
RE/MAX House of Real Estate
Basement Area
Finished, Full
Postal Code
T2T 5G9
Zoning
R-C2
Site Influences
Back Lane, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Rectangular Lot, See Remarks, Sidewalks, Street Lights