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Real estate on your terms®


Property Description

Development-ready opportunity in prime South Calgary, steps from Marda Loop! This exceptional MC-1 zoned lot comes with approved development permits and plans in place for a 3+3 six-plex, offering a rare chance to move forward immediately on a high-demand long-term rental project. Live in one unit and rent the remaining five, or hold as a pure income-generating investment. The property is currently tenant-occupied on a month-to-month lease at $1,800 per month, providing immediate cash flow while you prepare for redevelopment.Situated on a 37.5 ft x 125 ft lot, the property is surrounded by prestigious multi-million-dollar homes and is just a short walk to the vibrant Marda Loop district, known for its boutique shops, cafés, restaurants, fitness studios, and everyday amenities. This highly walkable location further enhances both lifestyle appeal and long-term rental demand.The existing bungalow has been well maintained and remains in excellent condition. Inside, the home features a bright and spacious living and dining area with hardwood flooring, an updated kitchen enhanced by a skylight, and a charming sunroom overlooking the landscaped backyard. The main level offers a generous primary bedroom and a renovated four-piece bathroom. The fully developed basement includes an additional bedroom, family room, three-piece bathroom, and ample storage and workshop space.Recent updates include a newer hot water tank and a serviced furnace, reflecting pride of ownership throughout. With quick access to downtown, transit, parks, schools, and all the amenities of Marda Loop and South Calgary, this property offers a rare combination of immediate rental income, approved development permits, and long-term upside.An outstanding opportunity for developers, investors, or anyone looking to secure a premium inner-city location with exceptional redevelopment potential. (id:53430)

Building

Property Type:
House
Building Type:
House
Style:
Bungalow
Year Built:
1912
Stories:
1.0
Bedrooms:
3
Bathrooms (total):
2.0
Basement:
Finished, Full

Finished Areas

Interior Size (Total):
630 square feet
Above Grade:
630 square feet

Interior

Flooring:
Hardwood, Linoleum
Appliances:
Refrigerator, Dishwasher, Stove, Washer & Dryer

Parking

Spaces:
2
Features:
Attached Garage

Lot / Land

Lot Size:
435.0 square meters
Frontage:
11.43 meters
Lot Features:
See remarks, Back lane

Exterior

Construction:
Wood frame
Foundation:
Poured Concrete
Fencing:
Fence

Utilities & Mechanical

Heating:
Forced air
Cooling:
None

Fees & Dates

Property Taxes:
$3,791
Tax Year:
2025
Last Modified:
04/24/2026 04:25:14 PM
Status Change:
04/24/2026 04:20:11 PM

Association / Ownership

Common Interest:
Freehold

Room Dimensions

RoomLevelSize
Primary Bedroom Main level 7.25 Ft x 11.17 Ft
Bedroom Basement 8.17 Ft x 10.83 Ft
Bedroom Basement 10.00 Ft x 12.00 Ft
4pc Bathroom Main level .00 Ft x .00 Ft
3pc Bathroom Basement -

Location

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Listing offered by: Creekside Realty

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