Calgary, AB T2M 1G3,1322 20 Avenue NW
Calgary, AB T2M 1G3,1322 20 Avenue NW
Calgary, AB T2M 1G3,1322 20 Avenue NW
Calgary, AB T2M 1G3,1322 20 Avenue NW
Calgary, AB T2M 1G3,1322 20 Avenue NW
Calgary, AB T2M 1G3,1322 20 Avenue NW
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$685,000

$695,000

1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4 Beds

2 Baths

1,259 SqFt


SOLD DATE : 09/06/2023

Key Details

Sold Price $685,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,259 sqft

Price per Sqft $544

Subdivision Capitol Hill

MLS® Listing ID A2076438

Sold Date 09/06/23

Style Bungalow

Bedrooms 4

Full Baths 2

Originating Board Calgary

Year Built 1946

Annual Tax Amount $3,964

Tax Year 2022

Lot Size 5,996 Sqft

Acres 0.14

Property Sub-Type Detached

Property Description

Investor and Builder Opportunity: Discover an exceptional inner-city up/down duplex, presenting outstanding potential for long-term investment and future redevelopment. Nestled on an expansive 50 x 120 RC-G zoned lot, with the prospect of DC zoning due to a nearby property recently granted this status, this property strikes the perfect balance between immediate rental income and promising future growth possibilities.

At present, the duplex is tenanted with a combined rental income of $3,250 per month plus utilities, and the tenants are eager to continue their leases. This makes it an ideal long-term investment opportunity. Enjoy the consistent rental income while you strategize and obtain the required permits for future development.

Strategically situated, this property is within walking distance of numerous amenities, including the Southern Alberta Institute of Technology (SAIT), Confederation Park, esteemed schools, and the bustling North Hill Mall. In addition, you'll benefit from easy access to comprehensive city transit options, such as bus and LRT services, which quickly connect you to downtown Calgary and the University of Calgary in mere minutes.

Please be advised that the property is being sold in "As is" condition. Don't miss this rare chance to invest in a highly sought-after inner-city location with the potential to deliver impressive returns, both now and in the future.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning R-CG

Direction S

Rooms

Basement Finished, Partial

Interior

Interior Features Ceiling Fan(s), Natural Woodwork, Separate Entrance, Wood Counters

Heating Forced Air

Cooling None

Flooring Hardwood

Appliance Dishwasher, Dryer, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Double Garage Detached

Garage Spaces 2.0

Garage Description Double Garage Detached

Fence Fenced

Community Features Park, Schools Nearby, Shopping Nearby

Roof Type Flat,Other,Tar/Gravel

Porch Deck

Lot Frontage 50.0

Total Parking Spaces 4

Building

Lot Description Back Lane, Rectangular Lot

Foundation Brick/Mortar

Architectural Style Bungalow

Level or Stories One

Structure Type Concrete,Other,Stucco

Others

Restrictions None Known

Tax ID 83249501

Ownership Private

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Listed by SAVE MAX AVITOS REAL ESTATE BROKERAGE
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