405 22 Avenue Ne, Calgary, Alberta

$579,900

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4

Beds

2

Baths

1,211

Square feet

0.11

Acres

About 405 22 Avenue Ne

Enhanced value alert! Price significantly reduced on this high potential property & project. This exceptional 40’X125’ property offers a unique investment opportunity for builders and investors alike. Full working drawings, development permit and all necessary consultations done for building permit approval are available so you can break ground immediately and start realizing returns quickly. The property is ideally located in an up-and-coming neighborhood close to downtown and major transit routes, making it highly desirable for future homeowners and renters. The 3-plex layout has been thoughtfully designed to appeal to modern buyers. Each unit can be sold individually and would be very appealing to first time buyers thanks to the property’s prime location and the increasing need for housing in the area. Alternatively, this development is also perfect for a long-term hold strategy. The location is set to see continued growth in value, making it an ideal rental income property. Extremely close proximity to public transportation, downtown amenities, shopping and schools, tenants will enjoy both convenience and urban living at its best. This is a low-risk, high-reward opportunity for a builder or investor to capitalize on either short—term sales or long-term rental potential. Seize this opportunity to develop a turnkey project in one of the city’s most promising area. With everything ready to go, this 3-plex investment could be part of your portfolio! Should you wish to wait a while to start your project, with a little love, the current home on the property could be rented. Currently vacant and easy to show.

Features of 405 22 Avenue Ne

MLS® # A2170476
Price $579,900
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,211
Acres 0.11
Year Built 1947
Type Residential
Sub-Type Detached
Style 2 Storey
Status Active

Community Information

Address 405 22 Avenue Ne
Subdivision Winston Heights/Mountview
City Calgary
County Calgary
Province Alberta
Postal Code T2E 1T8

Amenities

Parking Spaces 2
Parking Double Garage Detached, On Street
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Interior Features Storage
Appliances Dishwasher, Refrigerator, Washer/Dryer
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Has Basement Yes
Basement Full, Unfinished

Exterior

Exterior Features Garden
Lot Description Back Lane, Back Yard, Rectangular Lot
Roof Asphalt Shingle
Construction Composite Siding
Foundation Poured Concrete

Additional Information

Date Listed October 2nd, 2024
Days on Market 68
Zoning M-C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Bravo Realty

Listing Map