Property Details
2622 42 Street SE
Calgary (A2335671)
Description
An exceptional opportunity for developers, investors, and builders in a rapidly transforming inner-city corridor. Situated on a large 50' x 122' RC-G lot, this property comes with Development Permit (DP) approval from the City of Calgary for an 8-unit residential project, allowing you to fast-track your next development. This lot is exception for building as its a flat lot with no power poles and very few trees. The surrounding area is experiencing significant revitalization, with numerous newly completed and approved multi-family projects nearby, making this an outstanding investment in one of southeast Calgary's emerging redevelopment pockets.
The existing bungalow offers excellent holding income while you plan your project, featuring 3 bedrooms on the main floor and a 2-bedroom illegal basement suite with a separate entrance. Recent updates include new shingles on both the house and detached garage as well as a new sewer line from the home to the city connection. The main floor showcases original hardwood flooring beneath the living room carpet, a cozy wood-burning fireplace, a spacious kitchen and dining area, three generous bedrooms, and a full bathroom. The basement includes a shared laundry area, full kitchen, large living room, two bedrooms, a 3-piece bathroom, and additional storage.
Perfectly positioned at 2622 42 Street SE, this property offers exceptional convenience with schools, parks, playgrounds, public transit, and shopping all within walking distance. Residents will appreciate quick access to 17 Avenue SE (International Avenue), a vibrant destination known for its diverse restaurants, cafés, grocery stores, and everyday amenities. Major routes including Memorial Drive, Deerfoot Trail, and Stoney Trail provide easy commuting throughout Calgary, while downtown is just a short drive away.
Whether you're looking to develop immediately with an approved 8-unit project, hold as an income-producing property, or renovate for future appreciation, opportunities like this are becoming increasingly rare. Don't miss your chance to secure a prime redevelopment property in a thriving, high-growth location.
Property details
- MLS® #
- A2335671
- Property Type:
- Residential
- Subtype:
- Detached
- Subdivision:
- Forest Lawn
- Price
- $599,900
- Sale/Lease:
- For Sale
- Size:
- 991 sq.ft.
- Bedrooms:
- 3
- Bathrooms:
- 1
- Year Built:
- 1959 (67 years old)
- Structure Type:
- House
- Building Style:
- Bungalow
- Garage:
- Yes
- Parking:
- Double Garage Detached
- Fence:
- Fenced
- Basement:
- Full
- Features:
- See Remarks
- Inclusions:
- N/A
- Appliances:
- Oven, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
- Laundry:
- In Basement
- Exterior Features:
- None
- Patio/Porch Features:
- Front Porch
- Nearby Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Lot Size:
- 0 acres
- Lot Features:
- Back Lane, Back Yard
- Zoning:
- R-CG
- Roof:
- Asphalt Shingle
- Exterior:
- Wood Frame
- Floors:
- Carpet, Linoleum
- Foundation:
- Poured Concrete
- Heating:
- Forced Air
- Cooling:
- None
- Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Possession:
- Immediate,Negotiable
- Days on Market:
- 65
Basic Info
Building Info
Neighborhood Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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