1718,1724,1728 17 Avenue Sw, Calgary, Alberta

$2,550,000

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12

Beds

6

Baths

1,017

Square feet

0.42

Acres

About 1718,1724,1728 17 Avenue Sw

Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses. At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants. Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 1724 is leased for $3,000 plus utilities under a one-year agreement until July 31, 2024, while 1728 is leased for $3,500 plus utilities with a similar lease term. Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association confirmation and approval. Options range from adding a lane home or creating a duplex/fourplex to incorporating commercial space, developing a mixed-use condominium, or constructing a multi-residential condominium similar to a successful project adjacent to 1718. Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal. Seizing this rare opportunity, contingent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now.

Features of 1718,1724,1728 17 Avenue Sw

MLS® # A2097614
Price $2,550,000
Bedrooms 12
Bathrooms 6.00
Full Baths 6
Square Footage 1,017
Acres 0.42
Year Built 1945
Type Residential
Sub-Type Detached
Style Bungalow
Status Active

Community Information

Address 1718,1724,1728 17 Avenue Sw
Subdivision Scarboro
City Calgary
County Calgary
Province Alberta
Postal Code T2T 0E7

Amenities

Parking Spaces 4
Parking Double Garage Detached, Off Street, Stall, Single Garage Detached
# of Garages 4
Is Waterfront No
Has Pool No

Interior

Interior Features Pantry, Storage, Wood Counters
Appliances Gas Stove, Refrigerator, Washer/Dryer
Heating Forced Air
Cooling None
Fireplace No
Has Basement Yes
Basement Full, Suite

Exterior

Exterior Features Fire Pit, Garden, Private Yard
Lot Description Back Lane, Back Yard, Irregular Lot, Many Trees, Rectangular Lot, Treed
Roof Asphalt Shingle
Construction Stucco, Wood Frame, Wood Siding
Foundation Poured Concrete

Additional Information

Date Listed December 14th, 2023
Days on Market 120
Zoning RC1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCENTURY 21 BRAVO REALTY

Listing Map

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