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Descriptions:
Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses.
At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants.
Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 1724 is leased for $3,000 plus utilities under a one-year agreement until July 31, 2024, while 1728 is leased for $3,500 plus utilities with a similar lease term.
Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association confirmation and approval. Options range from adding a lane home or creating a duplex/fourplex to incorporating commercial space, developing a mixed-use condominium, or constructing a multi-residential condominium similar to a successful project adjacent to 1718.
Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal.
Seizing this rare opportunity, contingent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now.
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Status: |
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Active
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Includes: |
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N/A |
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Site Influences: |
Back Lane, Back Yard, Irregular Lot, Many Trees, Rectangular Lot, Treed |
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Legal Description: |
ACCESS Legal Description |
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Location & Listing Info: |
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Lot Size: |
0.42
sq.ft.
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Lot Shape: |
Back Lane,Back Yard,Irregular Lot,Many Trees,Rectangular Lot,Treed |
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Property Info: |
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Property Type: |
Residential Detached Single Family |
Home Style: |
Bungalow |
Year Built: |
1945 |
Total Floor Area: |
1,017 sq. ft. |
Brokerage: |
CENTURY 21 BRAVO REALTY |
Construction Type: |
Stucco,Wood Frame,Wood Siding
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Front Exposure: |
S
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Exterior: |
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Exterior: |
Stucco, Wood Frame, Wood Siding |
Construction: |
Stucco,Wood Frame,Wood Siding |
Frontage: |
48.77M 160`0" |
Front Exposure: |
S |
Roof: |
Asphalt Shingle |
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Rooms: |
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Total Bedrooms: |
12
(Bedrooms Above: 9)
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Bathrooms: |
Full: 6
/ Half: 0
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Rooms Above: |
20 |
Ensuite: |
No
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Parking Plan Type: |
Double Garage Detached,Off Street,Single Garage Detached,Stall
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Garage: |
1
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Additional Info: |
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Heating: |
Forced Air |
Basement: |
Full, Suite |
Basement Type: |
Full, Suite |
Floor Finish: |
Ceramic Tile, Hardwood, Laminate, Tile |
Fireplace Details: |
For Sale |
Parking: |
Double Garage Detached, Off Street, Single Garage Detached, Stall |
Total Parking: |
4
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Restrictions: |
Contact for Restrictions |
Heating Type: |
Forced Air
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Heating Fuel: |
Forced Air
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Restrictions: |
Restrictive Covenant-Building Design/Size
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Contact Stacey Jamieson -
, Calgary, Alberta,
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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