Capitol Hill, Calgary Listing #: A1152250

WOW, you just need to take a drive down 20th Avenue to see all the RE-DEVELOPMENT going on! This 50 x 120 ft. property in popular Capitol Hill has been rezoned to R-CG ( 2020), to allow for a many types of development, including ROWHOUSES, Duplexes with secondary suites, or LANEWAY suites. ( See CITY BYLAWS in supplements). Across the street application made to build FOURPLEX, with 2 units front, 2 in back. Great investment to build or hold as revenue property, with main floor rented currently for 950.00, and basement illegal suite (was) 750.00/month. Possibility to increase that in this market. This raised bungalow has lots of natural light and features living/dining/kitchen/2 bedrooms and 4 pce. bathroom on main. Lower ( illegal) suite) has living/dining/kitchen/2 bedrooms and 2pce bathroom. Shared laundry in basement. Basement illegal suite has separate entrance. Outside enjoy a spacious side patio area, and private back yard. Accessed off alley is single detached garage with extra parking pad. Great location with access to shopping, parks, S.A.I.T, U of C, Hospital, downtown, public transportation, and major access routes. It's understandable why this area is seeing a lot of new builds, and increased density. Don't miss this opportunity!!