Listing Courtesy of: PILLAR 9 - IDX / Century 21 Bravo Realty / Manpreet Sachdeva
1718,1724,1728 17 Avenue SW Calgary, AB T2T 0E7
Active (228 Days)
$2,550,000
Description
MLS®:
A2097614
A2097614
Lot Size
0.42 acres
0.42 acres
Type
Single-Family Home
Single-Family Home
Year Built
1945
1945
Style
Bungalow
Bungalow
Listed By
Manpreet Sachdeva, Century 21 Bravo Realty
Source
PILLAR 9 - IDX
Last checked May 2 2024 at 9:12 PM EDT
PILLAR 9 - IDX
Last checked May 2 2024 at 9:12 PM EDT
Bathroom Details
- Full Bathrooms: 6
Interior Features
- Laundry/Utility Room : In Basement
- Laundry/Utility Room : In Unit
- Appliances : Gas Stove
- Pantry
- Appliances : Refrigerator
- Wood Counters
- Appliances : Washer/Dryer
- Storage
Subdivision
- Scarboro
Lot Information
- Treed
- Back Lane
- Rectangular Lot
- Irregular Lot
- Many Trees
- Back Yard
Property Features
- Fireplace: Total Fireplace(s) : 0
- Foundation: Poured Concrete
Heating and Cooling
- Forced Air
- None
Basement Information
- Full
- Suite
Flooring
- Laminate
- Hardwood
- Tile
- Ceramic Tile
Exterior Features
- Roof: Asphalt Shingle
Garage
- Single Garage Detached
Parking
- Stall
- Parking Space(s) : 4
Stories
- 1
Living Area
- 1,017 sqft
Location
Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses.
At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants.
Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 1724 is leased for $3,000 plus utilities under a one-year agreement until July 31, 2024, while 1728 is leased for $3,500 plus utilities with a similar lease term.
Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association confirmation and approval. Options range from adding a lane home or creating a duplex/fourplex to incorporating commercial space, developing a mixed-use condominium, or constructing a multi-residential condominium similar to a successful project adjacent to 1718.
Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal.
Seizing this rare opportunity, contingent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now.