1322 20 Avenue NW | Capitol Hill
Investor and Builder Opportunity: Discover an exceptional inner-city up/down duplex, presenting outstanding potential for long-term investment and future redevelopment. Nestled on an expansive 50 x 120 RC-G zoned lot, with the prospect of DC zoning due to a nearby property recently granted this status, this property strikes the perfect balance between immediate rental income and promising future growth possibilities.
At present, the duplex is tenanted with a combined rental income of $3,250 per month plus utilities, and the tenants are eager to continue their leases. This makes it an ideal long-term investment opportunity. Enjoy the consistent rental income while you strategize and obtain the required permits for future development.
Strategically situated, this property is within walking distance of numerous amenities, including the Southern Alberta Institute of Technology (SAIT), Confederation Park, esteemed schools, and the bustling North Hill Mall. In addition, you'll benefit from easy access to comprehensive city transit options, such as bus and LRT services, which quickly connect you to downtown Calgary and the University of Calgary in mere minutes.
Please be advised that the property is being sold in "As is" condition. Don't miss this rare chance to invest in a highly sought-after inner-city location with the potential to deliver impressive returns, both now and in the future.
MLS ® #: A2032952
Listing Office: SAVE MAX AVITOS REAL ESTATE BROKERAGE
Date Listed: March 29, 2023 - 64 days on site
Last Updated: Jun 01, 2023 12:18pm MST