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Shovel-Ready Multi-Family Development Opportunity in Bowness!A rare and exceptional opportunity to acquire a full-sized 50' x 120' R-CG zoned lot in the highly sought-after community of Bowness.This prime inner-city development site comes complete with a fully approved Development Permit for a thoughtfully designed 4-plex, each unit featuring a legal basement suite — totaling 8 income-generating units.This project is ideal for a CMHC - backed rental investment or a stratified build, offering the potential to sell individual units, each with its own secondary suite.With the development permit in hand, you can bypass lengthy approval timelines — just pull the building permit and start construction right away. SELLER CAN BUILT THE PROJECT AND OFFER IT AS A TURNKEY SOLUTION FOR INVESTORS.Opportunities like this don’t come often. Don’t miss your chance to capitalize on this multi-family project in one of Calgary’s most desirable redevelopment areas perfect for Developers, Builders, or long - term investors. (id:37074)
Property Features
Property Details
| MLS® Number | A2244380 |
| Property Type | Single Family |
| Neigbourhood | Bowness |
| Community Name | Bowness |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Community Features | Fishing |
| Features | See Remarks, Back Lane, No Neighbours Behind |
| Parking Space Total | 2 |
| Plan | 5960am |
| Structure | Deck |
Parking
| Other |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | None |
| Architectural Style | Bungalow |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1952 |
| Construction Material | Poured Concrete, Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Concrete, Stucco |
| Flooring Type | Linoleum, Wood |
| Foundation Type | Poured Concrete, See Remarks |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 867 Ft2 |
| Total Finished Area | 867.14 Sqft |
| Type | House |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Primary Bedroom | 8.83 Ft x 12.75 Ft | ||
| Main Level | 4pc Bathroom | 7.42 Ft x 5.08 Ft | ||
| Main Level | Bedroom | 8.17 Ft x 12.75 Ft | ||
| Main Level | Bedroom | 8.00 Ft x 12.75 Ft |
Land
| Acreage | No |
| Fence Type | Not Fenced |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Depth | 36.57 M |
| Size Frontage | 15.24 M |
| Size Irregular | 558.00 |
| Size Total | 558 M2|4,051 - 7,250 Sqft |
| Size Total Text | 558 M2|4,051 - 7,250 Sqft |
| Zoning Description | R-cg |
