Dobey Realty

$799,900 · For Sale New Listing

3218 29 Street SW, Calgary, Alberta

3+2Bedrooms
2Bathrooms
1,153sq ft
580m² Lot
2Days on Market

About This Property

**ATTENTION BUILDERS, DEVELOPERS & INVESTORS!** An outstanding opportunity to secure a full-size **50' x 125' inner-city lot in the highly sought-after community of Killarney!** With rear lane access and exciting redevelopment potential, this property is ideally suited for those looking for their next inner-city project. Adding to its appeal, **the neighbouring lot just received approval for rezoning to R-CG**, highlighting the redevelopment possibilities in this location. Whether you're considering a future infill project, townhome development, or exploring higher-density redevelopment options such as H-GO zoning, this substantial parcel offers exciting possibilities, subject to City approvals. **ADDED BONUS!** The existing property is a legally suited up/down duplex generating approximately **$3,400 per month in rental income**, featuring 3 bedrooms upstairs and 2 bedrooms downstairs. Great long-term tenants provide valuable holding income to help offset carrying costs while you explore rezoning, development plans, and permitting for your next project. Situated in an established inner-city neighbourhood surrounded by modern infills and ongoing redevelopment, the property is just minutes from downtown, schools, parks, transit, major routes, and the popular shops and restaurants of 17th Avenue SW. **BUY NOW, COLLECT RENT, AND PLAN FOR THE FUTURE!** A fantastic opportunity to secure a substantial inner-city lot with immediate rental income and exciting redevelopment potential in one of Calgary's most desirable communities!

Key Features

  • Built in 1953
  • House
  • Freehold
  • Basement: Finished, Full, Separate entrance, Suite
  • Parking Pad, Street Parking
  • Forced air, Natural gas Heat

Property Details

Community Killarney/Glengarry
Property Type House
Building Type House
Storeys 1
Year Built 1953
Ownership/Title Freehold
MLS® Number A2351438

Size & Land

Finished Area 1,153 sq ft
Land Size 580 m² Lot

Building Features

Basement Finished, Full, Separate entrance, Suite
Heating Forced air, Natural gas
Cooling None
Foundation Poured Concrete

Parking

Parking Type Parking Pad, Street
Parking Spaces 2

Financial & Other

Property Taxes $5,130/yr

Location

Get Directions →

Map location is approximate.

Estimated Monthly Payment

$3,397/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

  • Mortgage$3,397
  • Property tax$428
  • Estimated total$3,825/mo
Customize This Estimate →
Listing courtesy of CIR Realty · Calgary Real Estate Board
View on REALTOR.ca

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