JUST LISTED: 4640 22 Avenue NW

ATTENTION BUILDERS AND DEVELOPERS! An exceptional opportunity has just emerged—a prime 50x120 R-C1 CORNER lot, now available in the heart of the NW inner city!

Nestled in the serene Upper Montgomery locale, this property is an ideal canvas for new redevelopment or multifamily units with the requisite City of Calgary building approvals. Presently, an older up/down duplex (lower suite is illegal) graces this lot and is in remarkably good condition. The upstairs tenant, locked in on a fixed-term lease until May 31st, 2024, contributes $1,400/month (including utilities). Meanwhile, the lower tenant is on a month-to-month tenancy, paying $900/month (inclusive of utilities).

Adorning the hillside of Montgomery, numerous contemporary million-dollar homes offer breathtaking river valley escarpment views, underscoring the incredible potential of this location. Situated just moments away from Montalban Park, Market Mall, and a mere stone's throw from the University of Calgary and two hospitals, this property is a mere 10-12 minute drive to downtown and offers easy access west to the mountains.

This is an extraordinary chance to invest in a promising opportunity brimming with possibilities! Don't miss out on this incredible value—act swiftly!

Posted by Ken Richter on
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