$700,000
$724,900
3.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
882 SqFt
SOLD DATE : 09/07/2023
Key Details
Sold Price $700,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 882 sqft
Price per Sqft $793
Subdivision Shaganappi
MLS® Listing ID A2057553
Sold Date 09/07/23
Style Bungalow
Bedrooms 2
Full Baths 1
Originating Board Calgary
Year Built 1949
Annual Tax Amount $5,273
Tax Year 2023
Lot Size 6,113 Sqft
Acres 0.14
Lot Dimensions 15.12 X 37.31
Property Description
INVESTOR DEVELOPER ALERT| CORNER LOT | MU-1 MIXED USE ZONING | ACCESS TO TRANSIT | 50 X 122 | Rare
This property is an exciting opportunity for investors and developers. It is a corner lot with a desirable zoning designation of MU-1, which stands for Mixed Use. This zoning allows for a combination of commercial and residential development, providing flexibility and potential for various uses. The location of the property is highly advantageous. It is in proximity to amenities such as tennis courts, a golf course, a community center, and the vibrant shops and restaurants along 17th Avenue and 14th Street. This prime location offers convenience and accessibility for residents and visitors alike. The lot dimensions are 49.6 feet by 122 feet, providing a substantial size for development. This generous space allows for creative and versatile building designs, accommodating both commercial and residential units. As an investment property, this lot holds excellent potential. With the mixed-use zoning and access to transit, it appeals to a wide range of future tenants and customers. The evolving nature of the surrounding area and the growing demand for mixed-use developments further enhance its investment value. Moreover, the property presents an exciting opportunity for future redevelopment. As a developer, you have the freedom to shape and design the project exactly as you envision it. This gives you the ability to create a unique development that meets the demands of the market and caters to the specific needs of the community. Considering the scarcity of corner lots with mixed-use zoning, this property is truly rare. It offers the potential to capitalize on the growing real estate market and secure a valuable asset for the future. Whether you choose to hold the property for long-term appreciation or embark on a redevelopment project, this investment holds promise and potential for success. This corner lot with MU-1 mixed-use zoning, access to transit, and its strategic location near various amenities presents an attractive opportunity for investors and developers. Its generous size and future redevelopment potential make it a valuable asset in the real estate market, offering the chance to shape and contribute to the growth of the surrounding community while securing a profitable investment.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning MU-1 f3.0h16
Direction E
Rooms
Basement Separate/Exterior Entry, Finished, Full, Suite
Interior
Interior Features Closet Organizers
Heating Forced Air, Natural Gas
Cooling None
Flooring Ceramic Tile, Laminate
Appliance Dryer, Electric Stove, Refrigerator, Washer/Dryer
Laundry Common Area
Exterior
Garage Double Garage Detached, Parking Pad
Garage Spaces 2.0
Garage Description Double Garage Detached, Parking Pad
Fence Fenced
Community Features Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Roof Type Shingle
Porch Rear Porch
Lot Frontage 49.61
Parking Type Double Garage Detached, Parking Pad
Total Parking Spaces 2
Building
Lot Description Back Lane, Back Yard, Corner Lot, Front Yard, Low Maintenance Landscape, Rectangular Lot
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 82812330
Ownership Private,REALTOR®/Seller; Realtor Has Interest
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