8312 47 Avenue NW, Calgary, AB T3B1Z7
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8312 47 Avenue NW, Calgary, AB T3B1Z7
8312 47 Avenue NW, Calgary, AB T3B1Z7
8312 47 Avenue NW, Calgary, AB T3B1Z7
8312 47 Avenue NW, Calgary, AB T3B1Z7
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Muhammad Bilal

Muhammad Bilal

+1(587) 222-7898
$ 935,000
Est. payment /mo
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Active

8312 47 Avenue NW Calgary, AB T3B1Z7

2 Beds

2 Baths

1,292 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1292

Square Footage 1,292 sqft

Price per Sqft $723

Subdivision Bowness

MLS® Listing ID A2303139

Style Bungalow

Bedrooms 2

Half Baths 1

Year Built 1955

Lot Size 5,991 Sqft

Acres 5991.0

Property Sub-Type Freehold

Property Description

BOWNESS FOURPLEX INFILL OPPORTUNITY: This offering presents a fully approved development opportunity in one of Calgary's resilient rental submarkets, Bowness. The property comprises a 5,991 sq. ft. R-CG-zoned parcel with an active City of Calgary Development Permit for an optimized "4+4" residential income property. The approved plans provide four custom designed two-story, two or three bedroom townhomes, each paired with fully independent legal one-bedroom lower secondary suites featuring a private exterior entrance. Value proposition and De-Risked Advantages: Avoid twelve months of administrative review, design revisions and approval delays. The Development Permit positions the project ready for Building Permit application. Infrastructure certainty: The Development Site Servicing Plan (DSSP) has been fully engineered and approved by the City of Calgary. Key development items addressed: Municipal development levy have been accounted for within the transaction framework. Approximately 1 km from Bowness Park, with nearby transit and community amenities, the property offers potential for long-term rental ownership. The existing bungalow and basement development requiring improvements may provide holding income upon occupancy approval until issuance of Building Permit ready for construction. An investment pro forma, architectural and site plans, and approved DP package are available to qualified buyers upon request. Buyers may explore CMHC MLI Select financing, subject to eligibility and lender approval. Buyers to independently verify approvals, remaining building permit requirements, costs, rental assumptions and projected returns. A Financial pro-forma has been prepared for illustrative and marketing purposes only, While metrics are deemed reliable, the seller and listing brokerage make no representations or warranties, express or implied, as to the accuracy of construction costs, future rental revenues, or municipal fee structures. Buyers must conduct their own inde pendent financial and operational due diligence. Disclaimers: The existing home on the property is being sold strictly in as-is, where-is condition for lot value and development purposes. The structure has not been inspected for occupancy, and no warranties or representations are made regarding its safety, habitability or compliance with current building codes. All licenced agents and prospective buyers entering the home do so entirely at their own risk. Disclosure: the selling agent has a financial interest in the property. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Extra Room 1 Basement 10.75 Ft x 16.17 Ft Family room

Extra Room 2 Basement 3.67 Ft x 3.67 Ft 2pc Bathroom

Extra Room 3 Basement 7.50 Ft x 10.75 Ft Bedroom

Extra Room 4 Main level 17.33 Ft x 10.58 Ft Other

Extra Room 5 Main level 15.17 Ft x 11.58 Ft Living room

Extra Room 6 Main level 9.83 Ft x 10.00 Ft Primary Bedroom

Interior

Heating Forced air

Cooling None

Flooring Hardwood, Laminate

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Fence

Community Features Fishing

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage Yes

Private Pool No

Building

Lot Description Landscaped, Lawn

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by Sotheby's International Realty Canada
Muhammad Bilal

Muhammad Bilal

Agent

+1(587) 222-7898

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8312 47 Avenue NW