2722 14 Street SW

Discover a rare opportunity to renovate, Buy & Hold, or build your dream home on an oversized and exceptional 40-ft wide lot in Upper Mount Royal. This single-family detached home offers substantial space with four bedrooms above grade and an additional bedroom in the illegal basement suite, making it suitable for large families or as a rental property. Additionally, there is a double detached garage located at the back, adding to its appeal.

For those more interested in renovating than building, this home has great bones and lots of space, with over 2,600 square feet across 3 levels. The main floor features a formal living room with a real wood-burning fireplace and a large window allowing ample natural light to fill the space. The adjacent formal dining area, highlighted by bay-style windows, adds a touch of elegance and provides the perfect setting for intimate gatherings and special occasions. The kitchen boasts ample storage, a newer fridge, and a newer microwave/hood fan. A sliding glass door leads to a massive back deck great for summertime BBQs. The main level is completed by a laundry area and a 2-piece powder room discretely tucked away at the back.

On the upper floor, you'll find four bedrooms, a rare find, and two full bathrooms providing plenty of family space. The primary suite features generous closet space and a 3-piece ensuite bathroom with an extended vanity and stand-up shower, offering comfort and privacy. The additional three bedrooms are all well-sized and share the main 4-piece bathroom, which offers a vanity with storage and a tub/shower combo. 

Downstairs in the illegal basement suite, a large living and kitchen area includes a real wood-burning brick fireplace in the corner, adding warmth and charm. The basement also features one bedroom with in-suite laundry, providing convenience. A 3-piece ensuite bathroom with a shower also serves the basement area. Other features include a newer high-efficiency furnace plus lots of storage including a cold room.

Outside, the backyard offers plenty of room for entertaining on the massive deck while the fenced front yard has a green space to unleash your inner green thumb. 

The property is currently tenant-occupied with reliable tenants who wish to stay. The upper tenant is paying $1,800, while the downstairs tenant is paying $850. The leases are month-to-month and below market value, presenting an opportunity for lease renewal at a higher rate. 

Located in the prestigious Upper Mount Royal community of Calgary, this property offers a prime location with access to various amenities. Its potential for future renovation makes it an attractive option for investors looking to add value to their portfolio. Don't miss this opportunity to create your masterpiece!