UPDATED:
12/02/2024 09:20 PM
Key Details
Property Type Townhouse
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,355 sqft
Price per Sqft $571
Subdivision Lower Mount Royal
MLS® Listing ID A2180824
Style 3 Level Split
Bedrooms 12
Full Baths 6
Half Baths 2
Year Built 1950
Lot Size 6,921 Sqft
Acres 0.16
Property Description
Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike.
This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns.
The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views.
Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate.
Additional Highlights:
Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal.
Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents.
Natural Parkade Opportunities: The lot’s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave.
With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights—don’t miss out on this fantastic investment opportunity!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Direction N
Rooms
Basement Separate/Exterior Entry, See Remarks, Suite, Walk-Up To Grade
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Separate Entrance
Heating Fireplace(s), Forced Air, Natural Gas
Cooling None
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Gas
Appliance Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Refrigerator, Washer, Washer/Dryer Stacked
Laundry In Basement
Exterior
Exterior Feature Garden, Rain Gutters
Parking Features Double Garage Attached, Parking Pad
Garage Spaces 9.0
Fence None
Community Features Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Balcony(s), Deck
Lot Frontage 16.0
Total Parking Spaces 2
Building
Lot Description Corner Lot, Front Yard
Dwelling Type Four Plex
Foundation Poured Concrete
Architectural Style 3 Level Split
Level or Stories One and One Half
Structure Type Brick,Concrete,Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 95274684
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