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Ryan LeBlanc

ryan@ryanleblanchomes.com +1(403) 875-3424

$ 935,000

Est. payment -/mo

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Active

8312 47 AVE NW Calgary, AB T3B 1Z7

2 Beds

2 Baths

1,292 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1292.16

Square Footage 1,292 sqft

Price per Sqft $723

Subdivision Bowness

MLS Listing ID A2303139

Style Bungalow

Bedrooms 2

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1955

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Detached

Property Description

BOWNESS FOURPLEX INFILL OPPORTUNITY: This offering presents a fully approved development opportunity in one of Calgary's resilient rental submarkets,Bowness. The property comprises a 5,991 sq. ft. R-CG-zoned parcel with an active City of Calgary Development Permit for an optimized "4+4" residential income property. The approved plans provide four custom designed two-story,two or three bedroom townhomes,each paired with fully independent legal one-bedroom lower secondary suites featuring a private exterior entrance. Value proposition and De-Risked Advantages: Avoid twelve months of administrative review,design revisions and approval delays. The Development Permit positions the project ready for Building Permit application. Infrastructure certainty: The Development Site Servicing Plan (DSSP) has been fully engineered and approved by the City of Calgary. Key development items addressed: Municipal development levy have been accounted for within the transaction framework. Approximately 1 km from Bowness Park,with nearby transit and community amenities,the property offers potential for long-term rental ownership. The existing bungalow and basement development requiring improvements may provide holding income upon occupancy approval until issuance of Building Permit ready for construction. An investment pro forma,architectural and site plans,and approved DP package are available to qualified buyers upon request. Buyers may explore CMHC MLI Select financing,subject to eligibility and lender approval. Buyers to independently verify approvals,remaining building permit requirements,costs,rental assumptions and projected returns. A Financial pro-forma has been prepared for illustrative and marketing purposes only,While metrics are deemed reliable,the seller and listing brokerage make no representations or warranties,express or implied,as to the accuracy of construction costs,future rental revenues,or municipal fee structures. Buyers must conduct their own independent financial and operational due diligence. Disclaimers: The existing home on the property is being sold strictly in as-is,where-is condition for lot value and development purposes. The structure has not been inspected for occupancy,and no warranties or representations are made regarding its safety,habitability or compliance with current building codes. All licenced agents and prospective buyers entering the home do so entirely at their own risk. Disclosure: the selling agent has a financial interest in the property.

Location

Province AB

County 0046

Community Fishing, Park, Playground, Pond, Pool, Schools Nearby, Shopping Nearby, Tennis Court(S), Walking/Bike Paths

Area Cal Zone Nw

Zoning R-CG

Direction NW

Rooms

Basement Other, Full, Finished

Interior

Interior Features See Remarks

Heating Forced Air

Cooling None

Flooring Hardwood, Laminate

Fireplace No

Appliance Dishwasher, Electric Range, Refrigerator

Laundry In Basement

Exterior

Exterior Feature None

Parking Features Driveway, Single Garage Detached

Garage Spaces 1.0

Fence Fenced

Community Features Fishing, Park, Playground, Pond, Pool, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 4

Garage Yes

Building

Lot Description Back Lane, Back Yard, Few Trees, Front Yard, Interior Lot, Landscaped, Lawn, Level

Dwelling Type House

Faces S

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Restrictions See Remarks

Listed by Sotheby's International Realty Canada

Ryan LeBlanc

8312 47 AVE NW Calgary, AB T3B 1Z7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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8312 47 AVE NW