GREAT OPPORTUNITY IN A RAPIDLY EVOLVING COMMUNITY!
ATTENTION BUILDERS, DEVELOPERS, & INVESTORS! Here is an opportunity for a 58’ x 100’ M-C1 zoned lot in Glendale! Situated along vibrant 37 Street, this extra-wide lot is zoned M-C1, allowing for various redevelopment opportunities, including townhomes and residential (subject to city approval). Neighbouring lots have been approved for 6 units each, with parking at the rear.
This location is fantastically walkable—just 7 minutes to coffee and other amenities and 12 minutes to Westbrook Mall, with Safeway and Walmart providing all your daily essentials. Public transit is right on the doorstep, plus the West LRT is just a 12-minute walk away.
This property would also make a great buy-and-hold investment. The existing home is in great shape, with 3 beds up, and an illegal 2 bed suite down—both with their own in-suite laundry. The upper suite has been renovated and is in excellent condition. Both units are currently rented to great tenants with the upper unit leased at $1,800/month, and the lower unit at $1,200/month, with tenants responsible for all utilities. This is a fantastic opportunity for additional rental income while you do up plans and get the permits for development.
Seize this prime redevelopment opportunity in a thriving community—don’t miss your chance to invest in one of Calgary’s most desirable inner-city neighbourhoods!
Reach out today for more information!
Address
2027 37 Street SW
List Price
$774,900
Type of Dwelling
Detached
Area
Calgary W
Sub-Area
Glendale
Bedrooms
5
Bathrooms
2
Floor Area
996 Sq. Ft.
Lot Size
5791 Sq. Ft.
Year Built
1954
MLS® Number
A2238324
Listing Brokerage
RE/MAX HOUSE OF REAL ESTATE
Basement Area
Full
Postal Code
T3E 3A5
Zoning
M-C1
Site Influences
Back Lane, Back Yard, Front Yard, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights