$1,285,000
Residential · MLS® A22900813Bedrooms
1Bathrooms
1,846.57Sq Ft
1Garage
1950Year Built
02 / Overview
PROPERTY OVERVIEW
Rare opportunity to acquire a prominent 8,000+ sq ft corner lot in the elevated southeast pocket of Bankview. Positioned on a hilltop with attractive panoramic and inner-city views, this property offers exceptional long-term redevelopment potential in one of Calgary’s established inner-city communities.
Zoned M-CG d72, the site supports low-rise multi-residential development (subject to City approval). The corner configuration provides valuable frontage and design flexibility, while the elevated setting enhances future build possibilities.
The property is currently improved with a bungalow duplex configuration:...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeDuplex
Total Finished Area1,846.57 sq ft
Lot Size8,019 sq ft
ZoningM-CG d72
HeatingForced Air • Natural Gas
CoolingNone
ParkingOff Street • Parking Pad • Single Garage Attached
ExteriorNone
BasementFull
Year Built1950
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$2,313After mortgage & expenses
Cap Rate2.3%Based on market rents
Cash on Cash Return-10.8%With 20% down payment
Est. Monthly Rent$3,381Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
BANKVIEW
Moderate InvestmentLoading map...
Investment Score66/100
Avg Home Price$495K
Active Listings33
Listed by Jamie Newton · RE/MAX First