1128-1136 38 Street SE

Row/Townhouse For Sale in Forest Lawn, Calgary E

$1,050,000
  • 864 Sq. Ft.
  • Built 1957
With 150 ft of frontage in the up-and-coming district bordering the rejuvenated 17th Ave, this is an excellent opportunity for a developer or aspiring landlord to pick up a pre-assembled package of R-C2 land with potential to re-zone to R-CG and holding income in the meantime. Operating with a net income of more than $40,000 annually, the package includes 3 solid 1957 bungalows with tenants in place and a total 18,890 sf of developable land. Proximity to nearby amenities, transportation routes and the 17th Ave BRT offer the buyer an incredible chance to acquire a turnkey investment or future development prospect. Access to land is, and will continue to be, most significant obstacle for urban development, and with nearly 20,000sf, you could be the one holding out for top dollar, or developing and selling new duplexes or townhomes in just a few short months. Don’t miss out on your chance to pick up one of the largest contiguous parcels that’s been made available in recent history! Call today!
Address 1128-1136 38 Street SE
List Price $1,050,000
Property Type Multi-Family
Type of Dwelling Row/Townhouse
Style of Home Bungalow
Area Calgary E
Sub-Area Forest Lawn
Floor Area 864 Sq. Ft.
Lot Size 18000 Sq. Ft.
Year Built 1957
MLS® Number A1153843
Listing Brokerage REAL BROKER
Basement Area Full
Postal Code T2A 1G4
Zoning R-C2
Site Influences Back Lane, City Lot, Near Shopping Center, Park, Playground, Rectangular Lot, See Remarks, Near Public Transit

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Prestige Commercial

Remax Complete Realty

11450 29 St SE #201 Calgary Alberta T2Z 3V5

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