Real Estate Blog

Attention Builders! Exceptional Development Opportunity Awaits

The seller has given the green light, and the plans and permits are primed for two opulent and prestigious three-story semi-detached infills. Situated on an expansive 50x120 R-C2 lot, this location offers the rare advantage of accommodating front-drive attached garages, as per the approved drawings attached, setting the stage for a truly exclusive development within the area.

Currently, the property consists of an older up/down duplex with two lower illegal one-bedroom suites. While these units are in need of some tender loving care, they continue to generate substantial income while you await the commencement of your new project. (Please note that the pictures were taken when the property was vacant.) The upstairs tenants currently pay $1800 per month on a month-to-month tenancy, including utilities. The lower tenants each contribute $1020 per month, including utilities, and are on a fixed-term lease until the end of March. As such, we kindly request that you refrain from disturbing the tenants. Offers will be subject to viewing.

This prime inner-city location offers a multitude of attractions and amenities, making it an ideal choice for your next development. It's conveniently close to the LRT, Westbrook Mall (just a few blocks away), and boasts proximity to the Shaganappi Golf Course, Edworthy Park, and the picturesque Douglas Fir Trail. Shaganappi Park, Off-Leash area, and Community Association are all within a couple of blocks, and the entire Bow River Pathway System is accessible with a short 10-minute bike ride. Additionally, you'll find Jubilations Dinner Theatre, the Killarney Aquatic Centre, the Westbrook LRT-Train Station, and multiple schools for all ages within walking distance. And, the vibrant Shaganappi area is filled with a diverse array of local shops and cafes.

This is a remarkable opportunity to embark on a development project with minimal downtime while waiting for permits. Don't miss your chance to transform this property into a showpiece of modern urban living!