* Amounts are estimates only. Final payment amounts may vary.
Description
Rare opportunity to acquire a prominent 8,000+ sq ft corner lot in the elevated southeast pocket of Bankview. Positioned on a hilltop with attractive panoramic and inner-city views, this property offers exceptional long-term redevelopment potential in one of Calgary’s established inner-city communities.
Zoned M-CG d72, the site supports low-rise multi-residential development (subject to City approval). The corner configuration provides valuable frontage and design flexibility, while the elevated setting enhances future build possibilities.
The property is a bungalow duplex configuration: both sides are tenant-occupied. One side is rented out as a full bungalow (up & down), the other side is rented out as upper and lower suites.
The existing structure is in well lived-in, renovation-deferred condition and is being offered primarily for its land value and redevelopment potential. Furnaces on both sides and the entire roofing has been replaced in the last 3 years.
An ideal acquisition for builders, developers, or strategic investors seeking an income-producing inner-city site with scale, corner exposure, and strong zoning fundamentals.
Property details
Basic Info
MLS® #
A2311367
Property Type:
Residential
Subtype:
Full Duplex
Subdivision:
Bankview
Price
$1,185,000
Sale/Lease:
For Sale
Size:
1,847 sq.ft.
Bedrooms:
2
Bathrooms:
1
Year Built:
1950 (76 years old)
Building Info
Structure Type:
Duplex
Building Style:
Attached-Side by Side, Bungalow
Garage:
Yes
Parking:
Aggregate, Off Street, Parking Pad, Single Garage Attached