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Prime Investor Alert: Cash Flow & Development Potential in Capitol Hill - Instant Cash Flow with unrivaled potential and Unbeatable location!! Secure your stake in Calgary's burgeoning real estate market with this phenomenal bungalow in highly coveted Capitol Hill. This isn't just acquiring a home; it's securing a proven income-generating machine that immediately yields exceptional returns while simultaneously offering massive future upside. Step into immediate profitability! The existing six-bedroom configuration, complete with a finished basement, is currently generating a remarkable $4,000.00 per month in rental revenue—a robust cash flow that covers your costs from day one. The demand for this address is unparalleled; you'll enjoy a steady, high-quality stream of tenants eager for the tranquility of Capitol Hill, all while being just steps away from two of Calgary's most prestigious post-secondary institutions: the University of Calgary (U of C) and SAIT. Crucially, the long-term value is locked in the land. The savvy current owner has already invested in the future by completing three distinct sets of development permit drawings. This preparation allows the next owner to immediately choose their ideal exit strategy, whether it be an infill, duplex, or a fully legalized multi-suite conversion, maximizing the return on investment (all subject to municipal by-laws). This property is perfectly positioned for the investor looking for the rare combination of strong current cash flow and significant future appreciation. This is a Priced to SELL opportunity—a chance to own a true piece of Calgary's future. Don't delay - contact us today to unlock the full development and financial potential this property holds!. 24th Avenue has special zoning and the City will allow 3 storey multi-family buildings/ apartments. Priced to SELL - CALL TODAY! (id:55690)
| Bathroom Total | 3 | Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 | Bedrooms Total | 6 |
| Appliances | Refrigerator, Dishwasher, Stove, Microwave, Microwave Range Hood Combo, See Remarks | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1951 | Construction Material | Poured Concrete, Wood Frame, Icf Block |
| Construction Style Attachment | Detached | Cooling Type | Central Air Conditioning |
| Exterior Finish | Concrete, See Remarks | Flooring Type | Ceramic Tile, Hardwood, Vinyl, Vinyl Plank |
| Foundation Type | See Remarks, Poured Concrete | Heating Type | Forced Air, See Remarks |
| Stories Total | 1 | Size Interior | 1468 Sqft |
| Total Finished Area | 1468 Sqft | Type | House |
| Detached Garage | 2 |
| Acreage | No | Fence Type | Fence |
| Land Amenities | Golf Course, Park, Playground, Schools, Shopping | Landscape Features | Landscaped |
| Size Depth | 36.57 M | Size Frontage | 15.24 M |
| Size Irregular | 675.00 | Size Total | 675 M2|7,251 - 10,889 Sqft |
| Size Total Text | 675 M2|7,251 - 10,889 Sqft | Zoning Description | R-cg |
| Level | Type | Dimensions |
|---|---|---|
| Basement | Furnace | 13.11 M x 9.50 M |
| Basement | Living Room | 18.90 M x 10.50 M |
| Basement | Bedroom | 11.10 M x 9.60 M |
| Basement | Bedroom | 10.50 M x 8.11 M |
| Basement | Bedroom | 13.10 M x 8.50 M |
| Basement | 3pc Bathroom | 8.00 M x 7.60 M |
| Basement | 4pc Bathroom | 9.60 M x 4.11 M |
| Basement | Kitchen | 16.00 M x 11.10 M |
| Main Level | Dining Room | 14.11 M x 8.00 M |
| Main Level | Living Room | 21.60 M x 11.90 M |
| Main Level | Kitchen | 14.11 M x 12.00 M |
| Main Level | Primary Bedroom | 14.11 M x 11.50 M |
| Main Level | Bedroom | 10.50 M x 9.80 M |
| Main Level | Bedroom | 11.40 M x 8.70 M |
| Main Level | 4pc Bathroom | 7.90 M x 4.10 M |
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At Calgary Dream Properties, I am committed to delivering unparalleled expertise and unwavering integrity in the realm of luxury real estate. With a dedication to professionalism, I go above and beyond to provide my clients with top-tier service, ensuring they achieve their unique real estate aspirations. Join me at Calgary Dream Properties to embark on a journey towards realizing your dream property goals.
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