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.More details
Step into this architecturally stunning residence located in the highly sought-after community of Scarboro. This exceptional home features over 3,500 square feet of developed living space, offering 5 bedrooms and 3 bathrooms. As you enter through the spacious foyer, you'll be welcomed into a sunny and beautiful living area adorned with beamed vaulted ceilings, a loft, and ample room for entertaining. Whether you're seeking a cozy evening by the fireplace or looking to unleash your culinary skills, the chef's kitchen has it all. It provides an abundance of space for dining and entertaining and seamlessly connects to the newly renovated back terrace. Here, you can savor the outdoors while enjoying the warmth of the fireplace and taking in downtown views throughout the changing seasons. On this level, you'll also find a well-appointed bedroom and a convenient 4-piece bathroom. Venture up the stairs to discover an additional lofted flex living area, perfect for unwinding or accommodating various needs. The spacious primary suite features a cheater ensuite with dual sinks and an additional entrance for the adjacent bedroom. The adjacent bedroom, currently used as a walk-in closet, offers versatility and can easily be converted back to a bedroom to suit your preferences. The fully developed walkout basement adds to the living space, offering a media or flex room, two additional bedrooms, a 3-piece bathroom, and laundry area. An oversized attached double garage adds convenience and ample storage. The backyard is perfect for enjoying Calgary's spring, summer, and fall seasons. It features built-in brick benches, perfect for a cozy firepit, and leads to grassed yard, providing space for outdoor activities. Situated in a fabulous inner-city location, this home is just minutes away from downtown, schools, renowned restaurants, and the amenities of 17th Avenue. It offers the perfect blend of architectural elegance, modern living, and convenient access to everything Calgary inner city has to offer.More details
*** OPEN HOUSE, Saturday February 17, 2-4pm ***. (Please CLiCK 3D button for tour) Welcome to this Lovely Character home in the quite neighbourhood of Scarboro. Hints of Arts and Crafts Architecture greets you with the front covered porch, gable roof lines and trim accents. Upon entering you’ll appreciate the hardwood flooring throughout, the textured ceilings and tall baseboards. The front living room features lots of natural light and is anchored by a wood burning fireplace. This opens to the dining area which will easily accommodate those large dinner parties. The eat-in kitchen has been upgraded with plenty of cabinets, kitchen island and stainless appliances with a gas double oven. Walk out to the Sunny South Backyard onto the rear deck over looking onto the generous size yard. A large bedroom + full bath round out the main level. Located on the upper level is the master’s quarters with a dramatic vaulted ceiling and a private balcony that looks onto the rear yard. Enjoy the heated floors of the ensuite bath with double sinks, steam shower and soaker tub. There’s an additional bedroom + full bath that completes this 2nd storey. Hardwood floors flow thru-out the lower level where you’ll find a family room, 2 generous size bedrooms, full bath and storage. There’s a functional double tandem garage with access from the alley or front drive. SCARBORO is a Highly desirable inner city community with gracefully curved tree lined streets and very friendly neighbours. Many homes in the area have achieved Heritage designation. An easy walk to Sunalta School, Scarboro Tennis Courts, LRT, Off Leash Dog Park, 17th Ave shops, or a short commute to downtown. Move in & Enjoy!More details
Amazing opportunity to build your inner-city dream home in the wonderful neighbourhood of Scarboro! Stunning downtown views from this 40x145ft lot with convenient rear access for a future triple garage. This prime lot allows you to build approx 3,200 sq ft two-storey home with large oversized triple garage in the back. Plenty of space left for a beautiful backyard that lets you enjoy the gorgeous city views! Close to transit, Sunalta School, shopping, restaurants and a host of other great amenities. Scarboro Avenue is a highly coveted street so snap this up before it's gone!More details
Data was last updated March 4, 2024 at 08:05 PM (UTC)
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.