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Renanza Realty
For sale

3218 29 Street SW

Calgary, Alberta

MLS® A2351438

$799,900

Status
Active
Property type
House
MLS® number
A2351438
Bedrooms
5
Bathrooms
2
Year built
1953

Listing description

**ATTENTION BUILDERS, DEVELOPERS & INVESTORS! ** An outstanding opportunity to secure a full-size **50' x 125' inner-city lot in the highly sought-after community of Killarney! ** With rear lane access and exciting redevelopment potential, this property is ideally suited for those looking for their next inner-city project.

Adding to its appeal, **the neighbouring lot just received approval for rezoning to R-CG**, highlighting the redevelopment possibilities in this location. Whether you're considering a future infill project, townhome development, or exploring higher-density redevelopment options such as H-GO zoning, this substantial parcel offers exciting possibilities, subject to City approvals. **ADDED BONUS!

** The existing property is a legally suited up/down duplex generating approximately **$3,400 per month in rental income**, featuring 3 bedrooms upstairs and 2 bedrooms downstairs. Great long-term tenants provide valuable holding income to help offset carrying costs while you explore rezoning, development plans, and permitting for your next project. Situated in an established inner-city neighbourhood surrounded by modern infills and ongoing redevelopment, the property is just minutes from downtown, schools, parks, transit, major routes, and the popular shops and restaurants of 17th Avenue SW.

**BUY NOW, COLLECT RENT, AND PLAN FOR THE FUTURE! ** A fantastic opportunity to secure a substantial inner-city lot with immediate rental income and exciting redevelopment potential in one of Calgary's most desirable communities!

Property summary

MLS® number
A2351438
Property type
Single Family
Building type
House
Square footage
1,153 sq ft
Title
Freehold
Land size
580 square meters
Built in
1953
Annual property taxes
$5,130.00
Parking
2 spaces · Parking Pad, Street
Days on market
22 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Basement
Finished, Full, Separate entrance, Suite
Flooring
Carpeted, Linoleum
Appliances
See remarks
Exterior features
Vinyl siding
Lot features
Treed, See remarks, Back lane, Level
Community features
Golf Course Development
Architectural style
Bungalow

What would this home cost you?

Based on the $799,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,722 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of CIR Realty, CALGARY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.