1516 47 ST SE Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2A 1R4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $661
Subdivision Forest Lawn
MLS Listing ID A2197631
Style Bungalow
Bedrooms 5
Full Baths 2
Year Built 1959
Annual Tax Amount $2,918
Tax Year 2024
Lot Size 5,995 Sqft
Property Sub-Type Detached
Property Description
Attention investors and developers! This property is being sold together with 1510 47 St SE, creating a substantial 100' x 120' (12,000 sf) combined lot with immense development potential. There is potential to get up to 8 townhomes with 8 legal basement suites, for a total of 16 units. This redevelopment project could cater to Calgary's growing demand for housing. Currently featuring a ILLEGAL SUITED HOME, with tenants in place. The functional main floor offers a spacious living room, a bright kitchen, a full bathroom, and three generously sized bedrooms. The lower level features a fully developed illegal suite with its own separate entry, full kitchen, shared laundry, full bathroom, and two bedrooms. The exterior of the home is equally impressive, with an oversized detached double garage, an additional parking pad, and a beautifully landscaped private yard perfect for entertaining. Whether you're an experienced builder or developer seeking your next project or an investor looking to capitalize on cash flow and future development possibilities, this offering is truly exceptional. Owner is unaware of any permits for the basement development.
Location
Province AB
County Calgary
Area Cal Zone E
Zoning R-CG
Interior
Heating Forced Air,Natural Gas
Cooling None
Flooring Laminate,Linoleum
Inclusions NA
Laundry In Basement
Exterior
Parking Features Double Garage Detached
Garage Spaces 2.0
Garage Description Double Garage Detached
Fence Fenced
Community Features Park,Playground,Pool,Schools Nearby,Sidewalks,Street Lights,Walking/Bike Paths
Roof Type Asphalt Shingle
Building
Lot Description Landscaped,Low Maintenance Landscape,Rectangular Lot
Foundation Brick/Mortar
Structure Type Vinyl Siding,Wood Frame
Others
Virtual Tour https://youriguide.com/1516_47_st_se_calgary_ab