Daryl Carlson - 403-259-4141
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Single Family in Calgary
- 187
- 159
4 Bedrooms
2 Bathrooms- 917 Sq Ft
Property Type
Single Family
Description
Welcome to your next investment opportunity in Calgary's vibrant Forest Lawn neighborhood! This dual tenancy, single-family dwelling presents a compelling proposition for savvy investors looking to capitalize on a robust rental market and future development potential.Situated on a generous 493 sq meter lot with M-C1 zoning (soon to be R-CG with City of Calgary zoning changes), this property is currently fully rented, generating a solid income of $3,730 per month. The upper and lower levels, along with a separately rented garage, ensure steady cash flow from day one. Whether you're seeking a stable holding property or long-term rental income, this versatile asset offers both immediate returns and promising future possibilities.The lot dimensions of 50' by 120' provide ample space for various development opportunities permitted under the new zoning, including potential infill projects. Forest Lawn is witnessing a surge in infill developments, making this property not only a lucrative income generator but also a strategic investment in Calgary's evolving real estate landscape.Convenience is key with easy access to major transportation routes such as the BRT, Deerfoot Trail, and the Stoney ring road, facilitating seamless commutes across the city. East Hills Shopping Center, featuring popular retailers like Costco and Walmart, is just a short drive away, ensuring residents have all amenities at their fingertips.For outdoor enthusiasts, Elliston Park is nearby, offering a picturesque setting for recreation and leisure activities. Whether your tenants enjoy outdoor festivals or serene walks by the lake, this location caters to diverse lifestyles.Don't miss out on this exceptional opportunity to enter Calgary's booming real estate market. Whether you're a seasoned investor or exploring your first investment property, this dual tenancy home in Forest Lawn promises both immediate returns and future growth potential. Schedule your showing today and secure your stake in Calgary's dynamic property market! (id:6769
Property Details
Subarea
Forest Lawn
Lot
493
Year Built
1957
Flooring
Linoleum,Vinyl Plank
Parking Type
2
Rooms Dimension
| Room | Floor | Dimension |
|---|---|---|
| 4pc Bathroom | Basement | 4.92 Ft x 6.58 Ft |
| Bedroom | Basement | 13.17 Ft x 9.58 Ft |
| Den | Basement | 9.17 Ft x 7.83 Ft |
| Kitchen | Basement | 9.25 Ft x 11.83 Ft |
| Recreational, Games room | Basement | 11.50 Ft x 15.50 Ft |
| Furnace | Basement | 11.17 Ft x 14.42 Ft |
| 4pc Bathroom | Main level | 4.83 Ft x 6.58 Ft |
| Bedroom | Main level | 8.75 Ft x 9.83 Ft |
| Bedroom | Main level | 8.92 Ft x 8.58 Ft |
| Dining room | Main level | 12.33 Ft x 5.75 Ft |
| Kitchen | Main level | 16.75 Ft x 9.83 Ft |
| Living room | Main level | 12.33 Ft x 15.25 Ft |
| Primary Bedroom | Main level | 11.33 Ft x 9.67 Ft |
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Listing data last updated date: 2024-07-15 23:44:57
Not intended to solicit properties currently listed for sale.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®. The trademarks MLS®, Multiple Listing Service and the associated logos are owned by CREA® and identify the quality of services provided by real estate professionals who are members of CREA®. REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.
Listing Agent: Robb Aishford
Brokerage: Royal LePage Solutions