ATTN: INVESTORS & DEVELOPERS H-GO ZONING! Discover this exceptional 50-ft x 125-ft CORNER LOT in the highly sought-after KILLARNEY neighbourhood! With H-GO zoning, you can build taller 12m townhomes and stack them, whereas with R-CG, the townhomes must be 11m and no stacking is allowed. This zoning opens up a number of possibilities for redevelopment-Units can be built in two separate buildings behind each other on one property, with a separate garage and basement suites may also be allowed, with appropriate permits & pending City approval. This sale includes both 2629 & 2631 25 Ave SW (both sides of a semi-detached home), offering an incredible chance for full redevelopment or upgrading of the existing property with the potential for 4x legal or illegal rental suites (pending city permits and approvals). PRIME LOCATION: Killarney is perfect for families, with two schools within the community and several nearby parks, playgrounds, and fields. It’s also ideal for working professionals seeking a quick commute to downtown and access to all essential amenities. PROPERTY FEATURES: The current property offers a three-bed + den on one side and a two-bed + large storage room on the lower level of the other side. Both units enjoy kitchens that overlook a spacious backyard, along with generously sized living areas. The corner lot offers an abundance of outdoor space for tenants to enjoy, and with a paved alley right off 25 Ave, convenience is key! NEIGHBOURHOOD PERKS: Killarney blends the charm of a suburban feel with the benefits of an inner-city neighbourhood. It’s a community people fall in love with, boasting a mix of mature trees, modern infills, and a vibrant community association that offers a garden and various classes and activities. You’ll find shopping, restaurants, pubs, and recreational facilities just minutes away, with Westbrook Mall a quick 3-minute drive and downtown easily accessible via Bow Trail or the Westbrook LRT. The area is especially popular with young families and offers both public and separate schools. Mount Royal University is also located just to the south, adding to the appeal for potential tenants or homeowners. This is a rare investment opportunity with a desirable lot, prime location, and endless potential for redevelopment or renovation. Don’t miss out!
MLS ® #: A2164971
Listing Office: RE/MAX House of Real Estate
Date Listed: September 12, 2024 - 70 days on site
Last Updated: Nov 21, 2024 01:50am MST
$1,169,000