Active

BANKVIEW

2524 17a Street , Calgary, AB

$849,000

Residential · MLS® A2268043
2Bedrooms
1Bathrooms
985.93Sq Ft
2Garage
1955Year Built
02 / Overview

PROPERTY OVERVIEW

INVESTORS!!!! Exceptional redevelopment opportunity in the highly desirable inner city community of Bankview. This property sits on an expansive 50 ft x 100 ft (5,000 sq. ft.) lot perched on the hill, offering breathtaking city views and endless potential for investors, builders, or developers. The location provides the perfect canvas for your next luxury infill, multi unit development, or dream custom home. The existing structure is a teardown, but currently occupied by a tenant who is interested in staying, allowing...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area985.93 sq ft
Lot Size5,000 sq ft
ZoningR-CG
HeatingForced Air
CoolingNone
ParkingDouble Garage Detached
ExteriorPrivate Yard
BasementFull
Year Built1955
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$652After mortgage & expenses
Cap Rate3.5%Based on market rents
Cash on Cash Return-4.6%With 20% down payment
Est. Monthly Rent$3,200Based 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 Score74/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Jenny Spencer · Real Broker