Daryl Carlson - 403-259-4141
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Single Family in Calgary
- 92
- 195
12 Bedrooms
6 Bathrooms- 1017.2 Sq Ft
Property Type
Single Family
Description
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 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 approval, seamlessly c ombines immediate returns with substantial future development. Don't miss out, secure your showing now. (id:6769
Property Details
Subarea
Scarboro
Lot
18201.77
Year Built
1945
Flooring
Ceramic Tile,Hardwood,Laminate,Tile
Parking Type
4
Rooms Dimension
| Room | Floor | Dimension |
|---|---|---|
| 4pc Bathroom | Basement | 6.17 Ft x 8.58 Ft |
| Bedroom | Basement | 12.67 Ft x 10.92 Ft |
| Family room | Basement | 9.83 Ft x 13.08 Ft |
| Recreational, Games room | Basement | 15.33 Ft x 10.92 Ft |
| 4pc Bathroom | Basement | 7.67 Ft x 9.33 Ft |
| Kitchen | Basement | 11.58 Ft x 11.42 Ft |
| Laundry room | Basement | 11.58 Ft x 11.42 Ft |
| Living room | Basement | 11.58 Ft x 11.00 Ft |
| Storage | Basement | 7.00 Ft x 18.17 Ft |
| 4pc Bathroom | Basement | 5.08 Ft x 8.00 Ft |
| Bedroom | Basement | 11.08 Ft x 15.75 Ft |
| Family room | Basement | 14.92 Ft x 11.50 Ft |
| Kitchen | Basement | 8.42 Ft x 8.50 Ft |
| Laundry room | Basement | 13.25 Ft x 10.83 Ft |
| Primary Bedroom | Basement | 14.33 Ft x 15.58 Ft |
| Furnace | Basement | 6.50 Ft x 5.75 Ft |
| 4pc Bathroom | Main level | 4.92 Ft x 9.09 Ft |
| Bedroom | Main level | 10.25 Ft x 10.50 Ft |
| Bedroom | Main level | 11.00 Ft x 12.42 Ft |
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Listing data last updated date: 2023-12-29 08:45:03
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Listing Agent: Manpreet Sachdeva
Brokerage: CENTURY 21 BRAVO REALTY