1003 Cameron AVE SW Active

Calgary,AB T2T 0K2

$ 2490000

- Bed

- Bath

4355 SqFt


Key Details

Property Type Multi-Family, Townhouse

Sub Type Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 4,355 sqft

Price per Sqft $571

Subdivision Lower Mount Royal

MLS Listing ID A2181924

Style 3 Level Split,Bungalow

Originating Board Calgary

Year Built 1950

Annual Tax Amount $6,940

Tax Year 2024

Lot Size 6,921 Sqft

Acres 0.16

Property Description

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!

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-C2

Rooms

Basement Separate/Exterior Entry,See Remarks,Suite,Walk-Up To Grade

Interior

Interior Features Ceiling Fan(s),Laminate Counters,Separate Entrance

Heating Fireplace(s),Forced Air,Natural Gas

Cooling None

Flooring Carpet,Ceramic Tile

Fireplaces Number 1

Fireplaces Type Gas

Appliance Dishwasher,Dryer,Electric Range,Microwave Hood Fan,Refrigerator,Washer,Washer/Dryer Stacked

Laundry In Basement

Exterior

Parking Features Double Garage Attached,Parking Pad

Garage Spaces 9.0

Garage Description Double Garage Attached,Parking Pad

Fence None

Community Features Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),Walking/Bike Paths

Roof Type Asphalt Shingle

Total Parking Spaces 2

Building

Lot Description Corner Lot,Front Yard

Foundation Poured Concrete

Architectural Style 3 Level Split,Bungalow

Level or Stories One and One Half

Structure Type Brick,Concrete,Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 95274684

Ownership Private

Pets Allowed Yes

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