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Len Mastaler

lm@topcalgaryrealestate.com +1(403) 630-3234

$ 1,400,000

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3604 Parkhill Street SW Calgary, AB T2S2Z6

4 Beds

2 Baths

1,269 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1269

Square Footage 1,269 sqft

Price per Sqft $1,103

Subdivision Parkhill

MLS® Listing ID A2310656

Style Bungalow

Bedrooms 4

Year Built 1957

Lot Size 7,233 Sqft

Acres 0.16605482

Property Sub-Type Freehold

Property Description

3604 Parkhill Street SW presents an exceptional inner-city redevelopment opportunity in one of Calgary's most sought-after transit-oriented communities. Currently zoned M-C2, the property has already undergone a highly positive pre-application meeting with senior City planners supporting future M-H1 zoning with an anticipated 3.0–3.5 FAR, allowing for a potential 6-storey development consisting of approximately 20–25 residential units. Adding even greater value, recent changes through the Chinook Communities Local Area Plan have significantly relaxed parking requirements within the transit corridor, creating substantial development efficiencies and maximizing buildable potential. Included with the property are professionally designed plans for an 11-unit condominium building that previously received Development Permit approval from the City of Calgary. Although the DP expired last year, renewal is expected to be straightforward, offering an excellent near-term development path while larger rezoning plans are pursued. The existing residence is well maintained and income generating, featuring a large kitchen, living room, three bedrooms and a 5pc bath upstairs plus a fully separate private walk-out illegal basement suite with a spacious kitchen, living room, one bedroom and a 4pc bath. Both living spaces have been updated with newer appliances in the basement making the property ideal for holding during planning and permitting stages. An additional rare opportunity exists with the neighboring property also potentially available for acquisition, creating the possibility for a significantly larger assembly site with piggyback zoning potential for an estimated 60–100 unit mid-rise development. Rarely do opportunities arise combining immediate rental income, approved development plans, favorable zoning momentum, transit-oriented intensification, and large-scale assembly potential in a premier SW Calgary location. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Basement 11.58 Ft x 11.50 Ft Kitchen

Extra Room 2 Basement 11.67 Ft x 11.42 Ft Living room

Extra Room 3 Basement 13.25 Ft x 11.58 Ft Bedroom

Extra Room 4 Basement 4.33 Ft x 3.58 Ft Other

Extra Room 5 Basement 14.42 Ft x 11.83 Ft Furnace

Extra Room 6 Basement 8.25 Ft x 4.92 Ft 4pc Bathroom

Interior

Heating Forced air,

Cooling None

Flooring Carpeted, Ceramic Tile, Hardwood

Fireplaces Number 1

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Partially fenced

View Y/N No

Attached Garage Yes

Total Parking Spaces 3

Garage Yes

Private Pool No

Building

Lot Description Landscaped

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by 2% Realty

NEARBY SCHOOLS & PROPERTIES

Len Mastaler

Agent

+1(403) 630-3234

Len Mastaler

3604 Parkhill Street SW Calgary, AB T2S2Z6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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3604 Parkhill Street SW