FULL SIZE 50' x 120' R-C2 LOT IN ALTADORE
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Here is a great opportunity for a full-size development lot in Altadore, one of Calgary's most desirable inner-city communities. Facing directly onto green space, this property is just a short 16 min walk from Mount Royal University and within a 5 min drive or 25 min walk of numerous shops, services, recreational facilities and multiple schools.
This is a great opportunity to develop two detached or semi-detached infills with or without basement suites. Or, seek a rezoning and build townhomes - this location works well for either! One of the few remaining lots on this block with green space right out front, this property would also offer some great mountain views from a second or third storey.
The existing home is 50's era bungalow with illegal basement suite - easily rentable while you do up plans and get your permits for development. The upper 2-bed unit offers hardwood floors, large living and dining rooms, full kitchen with breakfast nook, and 4-pc bath. The lower level contains an illegal 2-bedroom suite (windows may not meet current egress requirements), providing an opportunity for additional rental income. A large storage room and shared laundry complete the lower level. The property also has a sizeable backyard, detached garage, and carport.
Altadore is renowned as one of Calgary's most desirable inner city communities, chock full of amenities, parks and schools. Commuting downtown or throughout the city is a breeze thanks to quick access to Crowchild Trail and Glenmore Trail.
If you're seeking a redevelopment project in a prime location or looking for an investment property with great development potential, this listing offers an ideal solution. Act quickly—opportunities like this are few and far between.
Reach out today for more information!
| Address | 5016 22 Street SW |
| List Price | $949,900 |
| Property Type | Residential |
| Type of Dwelling | Detached |
| Style of Home | Bungalow |
| Area | Calgary CC |
| Sub-Area | Altadore |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Floor Area | 978 Sq. Ft. |
| Lot Size | 6006 Sq. Ft. |
| Year Built | 1956 |
| MLS® Number | A2128461 |
| Listing Brokerage | RE/MAX House of Real Estate |
| Basement Area | Finished, Full |
| Postal Code | T2T 5G9 |
| Zoning | R-C2 |
| Site Influences | Back Lane, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Rectangular Lot, See Remarks, Sidewalks, Street Lights |