$599,900
$599,900
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5 Beds
2 Baths
981 SqFt
SOLD DATE : 06/11/2024
Key Details
Sold Price $599,900
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 981 sqft
Price per Sqft $611
Subdivision Forest Lawn
MLS® Listing ID A2135228
Sold Date 06/11/24
Style Bungalow
Bedrooms 5
Full Baths 2
Originating Board Calgary
Year Built 1959
Annual Tax Amount $2,280
Tax Year 2023
Lot Size 5,866 Sqft
Acres 0.13
Property Description
**Mixed Use Property: A Prime Investment Opportunity for Investors and Builders**
Attention all investors and builders! This exceptional mixed-use property presents a rare opportunity to own a renovated home on a highly sought-after mixed-use zoned lot MU-1 f4.5h20
The Land Use Class MU-1f4.5h20 district allows for both commercial and residential uses in street-oriented buildings. This flexibility makes it an ideal redevelopment lot for a wide range of businesses.
**Commercial Potential**
The street-level commercial space offers endless possibilities for business ventures. Consider establishing a thriving child daycare, a stylish salon, a convenient convenience store, or even a lucrative liquor or cannabis store(subject to city of calgary approval). The high visibility and foot traffic provide an excellent platform for business growth.## Developer's Dream: Prime Location zoned MU-1 f4.5h20 that offers unlimited potential.
**Imagine this:** A beautifully renovated income-generating home nestled in a prime location, ready to deliver consistent revenue from day one. This isn't just a dream, it's a reality waiting for you!
This stunning property offers the perfect blend of modern comfort and lucrative investment potential. With **3 bedrooms upstairs** and a **separate 2-bedroom illegal basement suite**, you have the potential to generate a **monthly rental income of $4000+**.
* **Modern Upgrades:** The home has been meticulously renovated with modern touches like **newer kitchens featuring quartz countertops** and **luxury vinyl plank flooring throughout**. This ensures a high-quality living experience for tenants, attracting discerning renters and maximizing rental rates.
* **Income-Generating illegal Suite:** The separate illegal basement suite offers additional rental income, maximizing the property's earning potential. This is a fantastic way to diversify your income stream and increase your ROI.
* **Double Garage:** Provides ample parking and storage space, a valuable amenity for potential tenants.
* **Turnkey Investment:** This property is ready for new owners. It's already generating significant rental income, minimizing the need for extensive renovations or marketing.
**This is more than just a house, it's a turnkey investment opportunity.** Imagine the potential for consistent cash flow and long-term appreciation. This property is perfect for savvy investors, landlords, and developers seeking a lucrative and low-maintenance investment.
Location
Province AB
County Calgary
Area Cal Zone E
Zoning MU-1 f4.5h20
Direction E
Rooms
Basement Full, Suite
Interior
Interior Features Quartz Counters
Heating Forced Air
Cooling None
Flooring Vinyl Plank
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry In Basement
Exterior
Garage Double Garage Detached
Garage Spaces 2.0
Garage Description Double Garage Detached
Fence Fenced
Community Features None
Roof Type Asphalt Shingle
Porch None
Lot Frontage 48.99
Parking Type Double Garage Detached
Total Parking Spaces 4
Building
Lot Description Back Lane, Dog Run Fenced In
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type None
Others
Restrictions None Known
Tax ID 82850142
Ownership REALTOR®/Seller; Realtor Has Interest
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