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$619,000

Est. payment - /mo

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5 BD

2 BA

1,076 SqFt

Active

2407 37 ST SE Calgary, AB t2b 0z1

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Ronaldo Terra

ronaldo@thecompassteam.ca +1(403) 668-7018

UPDATED:

09/18/2024 12:30 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,076 sqft

Price per Sqft $575

Subdivision Forest Lawn

MLS® Listing ID A2165017

Style Bungalow

Bedrooms 5

Full Baths 2

Originating Board Calgary

Year Built 1959

Annual Tax Amount $2,587

Tax Year 2024

Lot Size 6,167 Sqft

Acres 0.14

Property Description

This is an amazing opportunity to purchase a turnkey investment that offers versatility and endless possibilities for an Investor, First Time Home Buyer or Developer! This property is situated south of International Avenue on an RC-G lot that measures 48.9 x 125, plus it has its own back lane which is a plus for redevelopment. This residence offers multi-faceted investment possibilities as it also has an illegal suite! Imagine the possibilities – you can apply for a Development Permit to build a 4-PLEX with legal suites, a total of 8 residences (Subject to City of Calgary Approval of course). If you are not ready to build yet, you can purchase this residence as a holding property and rent it in the interim. The existing bungalow offers the upmost curb appeal as its placed on a stunning tree line street, just steps from schools and the amenities of 17th avenue. This bungalow offers more than 2100 square feet of developed living space, a large footprint which ensures space for the entire family or a high monthly return as a rental! From the moment you walk in, you will be impressed by the natural light throughout this home. The kitchen is a bright timeless white with tile flooring, ample cabinetry and an eat in island. Off the kitchen you have a dining nook adorned with natural light from the east facing views, a perfect place to enjoy your morning coffee. Down the hall your spacious family room awaits family game nights. The main level has three generous bedrooms and a sleek all white four-piece bath. The illegal basement suite has a separate entrance, here you will be impressed by the open concept living space. The kitchen has a window and plenty of cabinetry, new appliances will be needed. The kitchen opens unto a bar area and family room. This lower-level suite has two full-sized bedrooms (that require egress windows), a four-piece bath, laundry and a cold room. This property has a newer roof and water tank (within seven years) and plaster walls which is a higher quality upgrade than conventional drywall. Outside your family or your tenants will love the concrete patio that encompasses the entire width of the home, a perfect space to entertain. The backyard features a back lane with a double detached garage and a RV parking pad. This property is sold as-is, where-is, giving you an opportunity to create the investment that is right for you. Forest Lawn is a blossoming area with close proximity to downtown and the area has recently experienced an influx of investment including infrastructure upgrades and revitalization projects. From here you can enjoy easy access to amenities, transit, shopping and schools. With downtown just minutes away this property presents excellent long-term potential with immediate rental income potential and future development opportunities.

Location

Province AB

County Calgary

Area Cal Zone E

Zoning R-CG

Direction E

Rooms

Basement Finished, Full, Suite

Interior

Interior Features Bar, Ceiling Fan(s), Open Floorplan

Heating Forced Air

Cooling None

Flooring Carpet, Ceramic Tile, Laminate

Appliance Electric Stove, Refrigerator

Laundry Lower Level

Exterior

Garage Double Garage Attached

Garage Spaces 2.0

Garage Description Double Garage Attached

Fence Partial

Community Features Schools Nearby, Shopping Nearby

Roof Type Asphalt Shingle

Porch Patio

Lot Frontage 48.95

Parking Type Double Garage Attached

Total Parking Spaces 2

Building

Lot Description Back Lane, Level, Rectangular Lot

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Vinyl Siding

Others

Restrictions None Known

Tax ID 91083600

Ownership Private

Listed by Real Estate Professionals Inc.

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Ronaldo Terra

REALTOR® | License ID: ldterraro

+1(403) 668-7018