Attention Investors and Developers! Embrace an exceptional opportunity in the vibrant inner-city community of Lakeview. This 1961 bungalow occupies an ideal position on a spectacular, flat lot, perfectly poised for redevelopment following the City of Calgary’s recent approval of amended city-wide rezoning.
The property boasts dimensions of 18.14 meters wide by 30.48 meters deep, with current zoning designated as R-C1. The proposed zoning change to R-CG (effective August 6th, pending final confirmation by the City of Calgary - please verify directly with them) significantly enhances the potential for transformation into a stunning row-house development, contingent upon City Approval and Zoning guidelines.
Offered at $700,000, this rare find in a sought-after location creates an opportunity for future returns.
Some of the Location Highlights are as follows:
- Recreation: Enjoy proximity to North Glenmore Park, scenic pathways along the Glenmore Reservoir, and the Elbow River, all just a short walk or bike ride away.
- Shopping & Dining: Discover eclectic shops and cafes at Lakeview Plaza, mere steps from your doorstep.
- Parks & Playgrounds: Numerous nearby parks and playgrounds offer ample green space and recreational opportunities.
- Schools: Exceptional walkability to neighborhood schools located just down the street.
- Transit: Conveniently located a few houses away from the nearest bus stop.
- Accessibility: Quick access to major Calgary thoroughfares ensures easy commuting in any direction in less than a 5-minute drive.
The proposed zoning change underscores the redevelopment potential, making this an ideal project for visionary investors. Contact us today to seize this exciting opportunity and delve deeper into the future possibilities of this exceptional property in Lakeview!
Data was last updated January 21, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
3,449
Avg list price:
$578,078
Min list price:
$145,000
Max list price:
$13,888,000
Avg days on market:
35
Min days on market:
1
Max days on market:
761
Avg price per sq.ft.:
$436.55
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
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.