Active

BOWNESS

7728 Bowness Road Nw, Calgary, AB

$1,199,950

Residential · MLS® A2291540
2Bedrooms
2Bathrooms
785Sq Ft
1Garage
1946Year Built
02 / Overview

PROPERTY OVERVIEW

Attention builders and investors! Prime development opportunity in the heart of Bowness, one of Calgary’s rapidly developing inner-city communities. This MC-2 zoned property is ideally located just steps from transit, close to shopping, parks, and the Bow River pathway system, with Canada Olympic Park nearby. The MC-2 zoning provides potential for multi-residential development subject to City of Calgary approval. The property is currently tenant-occupied, with a new roof (2025) - drive by only please. Please do not disturb the tenants....

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area785 sq ft
Lot Size7,362 sq ft
ZoningM-C2
HeatingCentral
CoolingNone
ParkingDouble Garage Detached
ExteriorNone
BasementFull
Year Built1946
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$3,817After mortgage & expenses
Cap Rate0.7%Based on market rents
Cash on Cash Return-19.1%With 20% down payment
Est. Monthly Rent$1,474Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

BOWNESS

Moderate Investment
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Investment Score68/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Dani Staicu · Century 21 Bravo Realty