$1,285,000

Residential · MLS® A2290081
3Bedrooms
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 Investment
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Investment Score66/100
Avg Home Price$495K
Active Listings33
Listed by Jamie Newton · RE/MAX First