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1003 Cameron Avenue Sw Calgary, Alberta T2T 0K2

4439 sqft
Bungalow

$1,899,900

This incredible 4-plex is located in Lower Mount Royal at 1003 Cameron Ave SW and is comprised of 1 house and 3 townhouses and is fully rented. The house is 1,456 SF above grade and is comprised of 2 bedrooms, a living room, dining room, kitchen, sunroom and a full bathroom. The basement of the house is 1,245 SF and has an additional 2 bedrooms, a bathroom, a kitchen area, a living room and a dining room (easily suitable). All in excellent shape with gleaming hardwood and cared for with a pride of ownership. The townhouses are accessed off of Royal Ave and vary in size and configurations and are all in excellent shape; one with 3 bedrooms / 1.5 bathrooms, one with 2 bedrooms / 1.5 bathrooms, and one with 2 bedrooms / 1 bathroom. The lot is a total of 6921.19 sq ft, it is zoned M-C2 with the building potential for up to 5 stories. Can't beat this location or view as it is literally steps away from the heart of 17th Ave SW. This is an extremely developer friendly Seller and is open to creative ideas. This is a great revenue producing property with the upside of land. The lot features frontage on 9th Street and Royal Ave, as well as Cameron Ave, and it includes elevated parking at rear. The steep slope of the lot will make for a cost effective natural parkade entrance on Cameron Ave. There also isn't any max density for the site. Based on current zoning a building size of 17,230 sq ft is possible. Overall max building height is 16.0m (52.5 ft). But no need to develop now, instead hold a cash flowing asset in a blue chip location with a view like no other. Owners have had the property since the 50's and there's definitely room for revenue optimisation. Check out the unbranded virtual tours using the following links. https://bit.ly/3dPiP50 https://bit.ly/3s6DIgY https://bit.ly/39TZHBJ https://bit.ly/3mxO48y As this property is all on one title measurements are from the exterior of the property. (id:34322)

Property Details

MLS® Number A1088527
Property Type Multi-family
Community Name Lower Mount Royal
Parking Space Total 10
Plan 179r

Building

Appliances See Remarks
Architectural Style Bungalow
Basement Type Unknown
Constructed Date 1950
Size Interior 4439 Sqft
Total Finished Area 4439 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 643.00
Size Total 643 M2|4,051 - 7,250 Sqft
Size Total Text 643 M2|4,051 - 7,250 Sqft
Zoning Description M-c2

https://www.realtor.ca/real-estate/23048651/1003-cameron-avenue-sw-calgary-lower-mount-royal