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1003 Cameron Avenue Sw Calgary, Alberta T2T 0K2

$2,490,000

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Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location!Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike.This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns.The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views.Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate.Additional Highlights:Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal.Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residen ts.Natural Parkade Opportunities: The lot’s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave.With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights—don’t miss out on this fantastic investment opportunity! (id:37074)

Property Features

Style: 3 Level, Bungalow Fireplace: Fireplace Cooling: None Heating: Other, Forced Air

Property Details

MLS® Number A2181924
Property Type Multi-family
Community Name Lower Mount Royal
Amenities Near By Playground, Recreation Nearby, Schools, Shopping
Community Features Pets Allowed
Parking Space Total 2
Plan 179r

Parking

Attached Garage 2
Parking Pad

Building

Appliances Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave Range Hood Combo, Washer/dryer Stack-up
Architectural Style 3 Level, Bungalow
Basement Features Separate Entrance, Walk-up, Suite
Basement Type See Remarks
Constructed Date 1950
Construction Material Poured Concrete, Wood Frame
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick, Concrete, Vinyl Siding
Fireplace Present Yes
Fireplace Total 1
Flooring Type Carpeted, Ceramic Tile
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Other, Forced Air
Stories Total 1
Size Interior 4,356 Ft2
Total Finished Area 4355.6 Sqft
Type Multi-family

Land

Acreage No
Fence Type Not Fenced
Land Amenities Playground, Recreation Nearby, Schools, Shopping
Size Irregular 6921.19
Size Total 6921.19 Sqft|4,051 - 7,250 Sqft
Size Total Text 6921.19 Sqft|4,051 - 7,250 Sqft
Zoning Description M-c2

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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.

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