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Frieda Odukwe

ask@friedaclaire.ca +1(587) 703-3322

$ 849,000

Est. payment -/mo

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Price Dropped by $50K

1913 24 Avenue NW Calgary, AB T2M1Z4

6 Beds

3 Baths

1,468 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,468 sqft

Price per Sqft $578

Subdivision Banff Trail

MLS® Listing ID A2254712

Style Bungalow

Bedrooms 6

Year Built 1951

Lot Size 7,265 Sqft

Acres 0.16679613

Property Sub-Type Freehold

Source Calgary Real Estate Board

Property Description

Prime Investor Alert: Cash Flow & Development Potential in Capitol Hill - Instant Cash Flow with unrivaled potential and Unbeatable location!! Secure your stake in Calgary's burgeoning real estate market with this phenomenal bungalow in highly coveted Capitol Hill. This isn't just acquiring a home; it's securing a proven income-generating machine that immediately yields exceptional returns while simultaneously offering massive future upside. Step into immediate profitability! The existing six-bedroom configuration, complete with a finished basement, is currently generating a remarkable $4,000.00 per month in rental revenue—a robust cash flow that covers your costs from day one. The demand for this address is unparalleled; you'll enjoy a steady, high-quality stream of tenants eager for the tranquility of Capitol Hill, all while being just steps away from two of Calgary's most prestigious post-secondary institutions: the University of Calgary (U of C) and SAIT. Crucially, the long-term value is locked in the land. The savvy current owner has already invested in the future by completing three distinct sets of development permit drawings. This preparation allows the next owner to immediately choose their ideal exit strategy, whether it be an infill, duplex, or a fully legalized multi-suite conversion, maximizing the return on investment (all subject to municipal by-laws). This property is perfectly positioned for the investor looking for the rare combination of strong current cash flow and significant future appreciation. This is a Priced to SELL opportunity—a chance to own a true piece of Calgary's future. Don't delay - contact us today to unlock the full development and financial potential this property holds!. 24th Avenue has special zoning and the City will allow 3 storey multi-family buildings/ apartments. Priced to SELL - CALL TODAY! (id:24570)

Location

State AB

Rooms

Kitchen 2.0

Extra Room 1 Basement 13.11 M x 9.50 M Furnace

Extra Room 2 Basement 18.90 M x 10.50 M Living room

Extra Room 3 Basement 11.10 M x 9.60 M Bedroom

Extra Room 4 Basement 10.50 M x 8.11 M Bedroom

Extra Room 5 Basement 13.10 M x 8.50 M Bedroom

Extra Room 6 Basement 8.00 M x 7.60 M 3pc Bathroom

Interior

Heating Forced air, See remarks

Cooling Central air conditioning

Flooring Ceramic Tile, Hardwood, Vinyl, Vinyl Plank

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

Community Features Golf Course Development

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Landscaped

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Listed by CIR Realty

Frieda Odukwe

REALTOR®

+1(587) 703-3322 | ask@friedaclaire.ca

Frieda Odukwe

1913 24 Avenue NW Calgary, AB T2M1Z4

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1913 24 Avenue NW