$2,550,000 FOR SALE
Detached Bungalow
Bedrooms: 9+3Bathrooms: 6Lot: 48.77 x 0 mTotal Area: 1,017.2 ft2
1718, 1724, 1728 17 Avenue Sw
Calgary, AB
T2T 0E7
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, conti ngent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now. (id:47423)
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| Listed By | Century 21 Bravo Realty |
|---|---|
| Data Provided By | Calgary Real Estate Board |
| MLS® Listing Number | A2097614 |
| Last Updated | Jan 11, 2024 |
Property Summary
| Property Type |
Detached
More like this: |
|---|---|
| Community | Scarboro |
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
| Bedrooms | 9+3 |
|---|---|
| Bathrooms | 6 |
| Lot | 48.77 x 0 m |
| Total Area | 1,017.2 ft2 |
| Features | Treed, Back lane |
| Listing Contract Date | 2023-12-14 |
| Municipal ID | T702413777 |
| Ownership Type | Freehold |
| # of Parking Spaces | 4 |
| Plan | 5700AG |
| Property Type | Single Family |
| Transaction Type | For sale |
| Zoning Description | RC1 |
Building
| Architectural Style | Bungalow |
|---|---|
| Constructed Date | 1945 |
| Construction Style (Attachment) | Detached |
| Stories Total | 1 |
| Total Finished Area | 1017.2 sqft |
| Type | House |
Rooms
| Room | Level | Dimensions | Notes |
|---|---|---|---|
| 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 | |
| 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 | |
| Kitchen | Main level | 13.25 Ft x 9.25 Ft | |
| Living room | Main level | 18.00 Ft x 12.50 Ft | |
| Primary Bedroom | Main level | 16.92 Ft x 11.58 Ft | |
| Sunroom | Main level | 19.50 Ft x 7.17 Ft | |
| Sunroom | Main level | 8.67 Ft x 8.75 Ft | |
| 4pc Bathroom | Main level | 6.58 Ft x 7.25 Ft | |
| Bedroom | Main level | 12.33 Ft x 10.58 Ft | |
| Dining room | Main level | 8.42 Ft x 10.75 Ft | |
| Family room | Main level | 12.33 Ft x 9.17 Ft | |
| Kitchen | Main level | 9.50 Ft x 12.67 Ft | |
| Living room | Main level | 15.08 Ft x 13.00 Ft | |
| Primary Bedroom | Main level | 13.50 Ft x 11.33 Ft | |
| Bedroom | Main level | 13.42 Ft x 9.67 Ft | |
| 4pc Bathroom | Main level | 6.17 Ft x 7.33 Ft | |
| Bedroom | Main level | 11.17 Ft x 10.92 Ft | |
| Bedroom | Main level | 11.17 Ft x 10.17 Ft | |
| Bedroom | Main level | 10.83 Ft x 11.08 Ft | |
| Dining room | Main level | 13.58 Ft x 10.17 Ft | |
| Kitchen | Main level | 13.58 Ft x 10.50 Ft | |
| Living room | Main level | 17.58 Ft x 11.67 Ft |
Land
| Total Size | 18201.77 square feet |
|---|---|
| Size of Irregular Land | 18201.77 |
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