Property Description
Attention builders, developers, and investors! Exceptional redevelopment opportunity in the heart of Forest Lawn. This R-CG zoned property is ideally located just two blocks from vibrant 17 Avenue SE (International Avenue), surrounded by ongoing redevelopment in one of Calgary’s most active inner-city growth corridors. Minutes to downtown, transit, shopping, restaurants, schools, and major commuter routes.A rare opportunity offering immediate cash flow today and exceptional redevelopment potential for tomorrow. This income-producing property features 5 bedrooms, 2 bathrooms, and a legal secondary suite. The main floor offers 3 bedrooms and a beautifully renovated bathroom with subway tile, new tub, vanity, and tile flooring. The updated kitchen features stainless steel appliances and a subway tile backsplash. Many windows have been replaced throughout the home.The legal lower suite includes 2 spacious bedrooms, large windows, a renovated kitchen with full appliances and ample counter space, an updated bathroom, shared laundry, and additional storage.Major updates include renovated main floor bathroom, renovated lower suite and kitchen, updated windows, furnace, and a 2021 hot water tank. The property also offers a single detached garage with additional rear parking.The true value lies in the future potential. This R-CG property comes with a fully approved Development Permit (DP) for a triple detached garage with a suite above released March 2026 . Approved plans are included, allowing you to eliminate entitlement risk, significantly reduce your project timeline, and save thousands in consultant fees and soft costs. Build with confidence using this permit-ready opportunity while generating rental income from day one.Whether you’re looking for a strong cash-flow investment or your next inner-city development project, this is a rare opportunity in a sought-after location with exceptional upside. (id:53430)
Building
- Property Type:
- House
- Building Type:
- House
- Style:
- Bungalow
- Year Built:
- 1961
- Stories:
- 1.0
- Bedrooms:
- 5
- Bathrooms (total):
- 2.0
- Basement:
- Finished, Full, Separate entrance, Suite
Finished Areas
- Interior Size (Total):
- 958 square feet
- Above Grade:
- 958 square feet
Interior
- Flooring:
- Laminate, Carpeted, Ceramic Tile
- Appliances:
- Refrigerator, Dishwasher, Stove, Window Coverings, Washer & Dryer
Parking
- Spaces:
- 1
- Features:
- Detached Garage
Lot / Land
- Lot Size:
- 566.0 square meters
- Frontage:
- 15.2 meters
- Lot Features:
- Back lane, PVC window, No Animal Home, Level
Exterior
- Construction:
- Wood frame
- Foundation:
- Poured Concrete
- Fencing:
- Fence
Utilities & Mechanical
- Heating:
- Forced air, Natural gas
- Cooling:
- None
Fees & Dates
- Property Taxes:
- $3,258
- Tax Year:
- 2026
- Last Modified:
- 08/16/2026 04:50:00 AM
- Status Change:
- 08/16/2026 04:45:08 AM
Association / Ownership
- Common Interest:
- Freehold
Room Dimensions
| Room | Level | Size |
|---|---|---|
| Kitchen | Main level | 8.00 Ft x 8.00 Ft |
| Pantry | Main level | 2.58 Ft x 3.25 Ft |
| Living room | Main level | 15.25 Ft x 15.75 Ft |
| Dining room | Main level | 6.00 Ft x 7.00 Ft |
| Foyer | Main level | 4.00 Ft x 4.00 Ft |
| Primary Bedroom | Main level | 11.00 Ft x 11.67 Ft |
| Bedroom | Main level | 8.17 Ft x 11.67 Ft |
| Bedroom | Main level | 8.00 Ft x 11.50 Ft |
| 4pc Bathroom | Main level | 5.00 Ft x 8.00 Ft |
| Other | Main level | 3.00 Ft x 3.00 Ft |
| Family room | Basement | 11.67 Ft x 14.42 Ft |
| Kitchen | Basement | 9.00 Ft x 10.00 Ft |
| Dining room | Basement | 5.00 Ft x 5.00 Ft |
| Bedroom | Basement | 13.83 Ft x 10.50 Ft |
| Bedroom | Basement | 9.67 Ft x 10.83 Ft |
| 4pc Bathroom | Basement | 5.00 Ft x 7.50 Ft |
| Furnace | Basement | 7.00 Ft x 11.00 Ft |
| Laundry room | Basement | 3.50 Ft x 7.50 Ft |
Location
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