1913 24 AVE NW Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2M1Z4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1468.0
Square Footage 1,468 sqft
Price per Sqft $578
Subdivision Banff Trail
MLS Listing ID A2254712
Style Bungalow
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1951
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Detached
Property Description
Prime Investor Alert: Cash Flow & Development Potential in Capitol Hill - Instant Cash Flow with unrivaled potential and Unbeatable location!! Secure your stake in Calgary's burgeoning real estate market with this phenomenal bungalow in highly coveted Capitol Hill. This isn't just acquiring a home; it's securing a proven income-generating machine that immediately yields exceptional returns while simultaneously offering massive future upside. Step into immediate profitability! The existing six-bedroom configuration, complete with a finished basement, is currently generating a remarkable $4,000.00 per month in rental revenue—a robust cash flow that covers your costs from day one. The demand for this address is unparalleled; you'll enjoy a steady, high-quality stream of tenants eager for the tranquility of Capitol Hill, all while being just steps away from two of Calgary's most prestigious post-secondary institutions: the University of Calgary (U of C) and SAIT. Crucially, the long-term value is locked in the land. The savvy current owner has already invested in the future by completing three distinct sets of development permit drawings. This preparation allows the next owner to immediately choose their ideal exit strategy, whether it be an infill, duplex, or a fully legalized multi-suite conversion, maximizing the return on investment (all subject to municipal by-laws). This property is perfectly positioned for the investor looking for the rare combination of strong current cash flow and significant future appreciation. This is a Priced to SELL opportunity—a chance to own a true piece of Calgary's future. Don't delay - contact us today to unlock the full development and financial potential this property holds!. 24th Avenue has special zoning and the City will allow 3 storey multi-family buildings/ apartments. Priced to SELL - CALL TODAY!
Location
Province AB
County Cal Zone Cc
Community Golf,Park,Playground,Schools Nearby,Shopping Nearby
Area Cal Zone Cc
Zoning R-CG
Direction NW
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s),High Ceilings,Pantry,See Remarks,Separate Entrance,Vinyl Windows,Walk-In Closet(s)
Heating Forced Air,See Remarks
Cooling Central Air
Flooring Ceramic Tile,Hardwood,Vinyl,Vinyl Plank
Inclusions none
Fireplace Yes
Appliance Dishwasher,Electric Stove,Microwave,Microwave Hood Fan,Refrigerator,See Remarks,Stove(s)
Laundry Laundry Room,Lower Level,See Remarks,Upper Level
Exterior
Exterior Feature Balcony,Private Yard
Parking Features Double Garage Detached
Garage Spaces 2.0
Fence Fenced
Community Features Golf,Park,Playground,Schools Nearby,Shopping Nearby
Roof Type Asphalt Shingle
Porch Patio
Total Parking Spaces 2
Garage Yes
Building
Lot Description Back Lane,Landscaped,Level,Rectangular Lot,Treed
Dwelling Type House
Faces N
Story One
Foundation ICF Block,Poured Concrete
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Restrictions None Known