BUILDERS + INVESTORS + HANDYMAN – RARE OPPORTUNITY!! Plans, Surveys, Drawings & Renders – Ready for application to the City of Calgary P & D. This amazing property is on a SOUTH FRONT EXPOSURE/FLAT/RECTANGULAR/BACK LANE on 55 x 120 FT RC-2 lot in the highly sought after INNER-CITY community of Tuxedo Park. Build two Single Detached Homes – Live in the one and sell the other or both. These homes can have the potential of a PERFECT downtown SKYLINE and Rocky Mountain views. The current bungalow home boasts 1151sqft, 2+1 Bdrms + 1 Bath, Dbl Detached Garage with Laneway access at the back. Fantastic location: close to schools, parks, public transportation, golf course, shopping, SAIT and the University of Calgary. Several restaurants are within a short walking distance and mere steps away from Center Street and the future Greenline station. Easy access to Downtown, Centre Street, 16th Avenue, and McKnight and Deerfoot Trail. Move-in, Rent or Ready to Build; this property is a great investment all around![...] YOUR OPPORTUNITIES:
1.BUILD: This lot is READY TO BUILD with a full set of drawings included. Plans are ready for TWO single detached 2-storey infills with double detached garage - each with approx. 2127 of above grade sq.ft. w/ potential views of downtown and Rocky Mountains AND we have builders you can partner with.
2.HOLD: Rentable property to potentially yield up to 1700+ / month + 150 separate for the garage. Build equity while renting your property out in this hot rental market.
3.CO-OP: Co-op build opportunity – partner with one of our builders to subdivide and split the lot; share the cost to subdivide and build by taking 50/50 share of interest and build when you're ready OR build together.
4.REZONE: Propose to rezone lot to maximize and increase density. Rent out the property, while having your application with the City.
5. SINGLE LOT ONLY: Option for the sale of 27.5 * 120 lot for sale. Ask about more details.
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on August 21st, 2019 at 6:00pm PDT.