This massive 75’ x 120’ corner lot appeals to investors and developers alike with much of the leg work already started! The process to subdivide into a 50’ corner lot and a 25’ mid-block lot has been conditionally approved or can be cancelled to maintain a huge 75’ parcel for a future dream home. Also in process is rezoning to RCG with an upcoming council vote – over $25,000 has already been paid in traffic engineering and consulting. Demolition is in queue but can easily be cancelled if you’d rather renovate the existing home. The sale of this property includes building plans ($10,000) for a 25’ detached home with a permit ($2,000), that’s a total of $12k in savings! Also included is all the survey work with a streetscape ($4,200) and engineering with structural and energy modelling ($1,700). The development permit has already been approved for a single-family home. Also included are concept drawings/renderings for a multiple townhouse design ($5,000), the Development Permit Survey, paid submission fee ($5,050), rezoning applications fees, ground cubed initial rezoning application and community open house work ($20,000), consulting fees and all the additional funds that have already been spent totally over $50,000 towards the future development of this outstanding property! The existing duplex and double attached garage could make a great holding property after some elbow grease. Fully fenced and nestled amongst mature landscaping the sunny south-facing backyard provides an extremely spacious outdoor space. Outstandingly located just a 3 minute walk to Britannia Plaza, Sunterra Market, Village Ice Cream, Grumans Delicatessen, Lina’s Italian Mercato, Browns Social House and much more! A quick 5 minute drive to Chinook Mall and the LRT Station. This phenomenal neighbourhood also boasts an extremely active community centre, tennis courts, ice skating rink and sports fields plus is bordered by the Calgary Golf and Country Club as well as the Elbow River. Don’t miss out on this outstanding opportunity with unlimited potential!
Address
637 51 Avenue SW
List Price
$989,900
Property Type
Residential
Type of Dwelling
Full Duplex
Area
Calgary CC
Sub-Area
Windsor Park
Bedrooms
4
Bathrooms
3
Floor Area
1,859 Sq. Ft.
Lot Size
8998 Sq. Ft.
Year Built
1946
MLS® Number
A2028304
Listing Brokerage
eXp Realty
Basement Area
Full, Partially Finished
Postal Code
T2V 0A6
Zoning
R-C2
Site Influences
Back Lane, Back Yard, Corner Lot, Front Yard, Landscaped, Many Trees, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights
