Space
Finished area and layout
- Living Area
- 1,395 sqft
- Above Grade
- 1,395 sqft
- Finished Breakdown
- Above 1,395 sqft
- Bedrooms
- 3
- Bathrooms
- 2
3
Bedrooms
2
Bathrooms
1,395 sqft
Living Area
6,092 sqft
Lot
1961
Year Built
Property Snapshot
Key details for this listing
MLS #A2352090
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 3-bedroom, 2-bathroom single family in Calgary offers 1,395 sqft of living area on a 6,092 sqft lot. Built in 1961. The property has lot dimensions of 6092.00. The home features tile and hardwood and laminate and carpeted flooring, forced air, natural gas heating, none, a finished, full basement.
MLS Remarks
RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTIONInvestors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development.Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS.The approved project provides approximately:8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway.This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero.BUILT FOR INVESTORS AND DEVELOPERSThe property offers multiple potential exit strategies:BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements.BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income.DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project.FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility.The purchaser acquires an opportunity with an ap proved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction.The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms.The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area.FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures. (id:60351)
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