Prime Redevelopment or Investment Opportunity in Winston Heights! This 50’ x 115’ inner city lot in one of Calgary’s most desirable neighborhoods, Winston Heights, offers incredible potential. Zoned R-CG, this property provides the perfect canvas for a redevelopment project, including the possibility to build a 4-plex with 4 legal secondary suites, or you can hold as a solid cash-flowing asset. Currently, the property features a 2-bedroom main floor unit and a 2-bedroom illegal basement suite with its own separate entrance, offering great rental income potential. The property could generate over $3,500 per month in rental income, making it an ideal choice for investors. The location is unbeatable – just minutes to downtown and Deerfoot Trail, half a block from major bus routes to SAIT and the University of Calgary, and directly across from Georges P. Vanier School. Enjoy easy access to nearby parks, the Winston Golf Course and local shopping, making this property perfect for families and tenants alike. Whether you’re looking to redevelop or hold for steady rental income, this is an opportunity you won’t want to miss.
Address
516 32 Avenue NE
List Price
$669,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Winston Heights/Mountview
Bedrooms
4
Bathrooms
2
Floor Area
817 Sq. Ft.
Lot Size
5747 Sq. Ft.
Year Built
1955
MLS® Number
A2217216
Listing Brokerage
RE/MAX Landan Real Estate
Basement Area
Separate/Exterior Entry, Finished, Full, Suite
Postal Code
T2E 2H2
Zoning
R-CG
Site Influences
Back Lane, Landscaped, Schools Nearby, Shopping Nearby, Park, Playground, Rectangular Lot