5706 2 Street SW, CALGARY

2024-09-04
 

Quick Summary

Location
5706 2 Street SW, CALGARY, Alberta T2H1Y6
Price
$1,249,990 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2072ft2
Bedrooms:
4 bed +4
Bathrooms:
4
Year of Construction:
1968
Video Link:

MLS®#A2162576

Property Description

| DC-1 with Permitted Use of MU-1 (MU-1f8h75) | Upper Units: 3 bedrooms, 1 bathroom each | Each unit has its laundry facilities | Walk-out Basement Suites | Backing onto Park | Discover this exceptional duplex nestled in the vibrant community of Manchester. The duplex currently features two upper units, each with 3 bedrooms and 1 bathroom, providing ample living space for tenants. Additionally, there are two illegal basement suites, each with 1 bedroom and 1 bathroom. These suites offer a reliable income stream while providing a foundation for future development. 9-min drive to downtown, 8-min drive to Rockyview General Hospital, Walking distance to Chinook Mall, and Walking distance to Chinook Wholesalers. This property boasts a lucrative zoning change to DC-1, allowing for a wide range of development possibilities. With a Permitted Use of MU-1 (MU-1f8h75), you can achieve a floor area ratio of 5.0, offering significant potential for expansion and increased rental income. This presents a unique opportunity for investors and builders alike. Whether you're seeking to maximize rental income, redevelop the property into a larger multi-family building, or explore other development possibilities, this property offers a solid foundation for success. Neighboring lots can also be for sale. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Playground, Schools, Shopping

Building

  • Appliances: Refrigerator, Oven - Electric, Hood Fan, Washer/Dryer Stack-Up
  • Architectural Style: Bi-level
  • Basement Development: Finished
  • Basement Features: Separate entrance, Walk out, Suite
  • Basement Type: Full (Finished)
  • Construction Style: Attached
  • Cooling Type: None
  • Exterior Finish: Stucco, Vinyl siding
  • Fireplace: No
  • Flooring Type: Carpeted, Hardwood, Linoleum
  • Interior Size: 2072.15 sqft

Features

  • Feature: See remarks, Back lane

Land

  • Land Size: 581 m2|4,051 - 7,250 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: DC

Information entered by CIR Realty
Listing information last updated on: 2024-09-07 12:18:52


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