Data was last updated 2024-12-03 at 14:20:04 GMT
$2,490,000

1003 Cameron Avenue SW   Calgary, Alberta

MLS®: A2181924
URL:    
Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location!

Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike.
This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns.
The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views.
Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate.
Additional Highlights:
Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal.
Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents.
Natural Parkade Opportunities: The lot?s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave.
With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights?don?t miss out on this fantastic investment opportunity!
Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location! Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike. This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns. The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views. Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate. Additional Highlights: Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal. Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents. Natural Parkade Opportunities: The lot?s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave. With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights?don?t miss out on this fantastic investment opportunity!

Listing Information

Prop. Type:
Row/Townhouse
Property Style:
3 Level Split
Status:
Active
City:
Calgary
Neighbourhood:
Lower Mount Royal
Area:
Calgary
Province:
Alberta
MLS® Number:
A2181924
Listing Price:
$2,490,000

General Information

Year Built:
1950
Total Square Feet:
4356ft2

Additional Information

Basement Dev:
Separate/Exterior Entry, See Remarks, Suite, Walk-Up To Grade
Parking:
Double Garage Attached, Parking Pad

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This property is listed by Exp Realty and provided here courtesy of Carmen Lussier. For more information or to schedule a viewing please contact Carmen Lussier.
Carmen Lussier
Re/max Signature Properties
Phone: 403-605-3637
Mobile Phone: 403-605-3637
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.