Rare opportunity to own a property with a LEGAL suite in Montgomery, combined with R-CG zoning and exceptional redevelopment potential. This revenue generating property offers a unique opportunity for investors, developers, or homeowners looking to capitalize on both rental income and future development possibilities.
This 2+2 bedroom property features a LEGAL basement suite with both levels designed as fully self-contained living spaces. Each level offers 2 bedrooms, a living area, full bathroom, full kitchen with appliances, and separate laundry.
The property is currently owner-occupied, but when fully rented, it has the potential to generate over $3,500/month in rental income, making this an excellent option for investors looking for strong holding income while benefiting from the property's future redevelopment potential.
The R-CG zoning adds significant flexibility and upside for developers and investors. Depending on plans and approvals, potential redevelopment options may include a 4plex, attached development, or attached homes with legal secondary suites.
Situated on a corner lot in an established and desirable location, the property is close to schools, parks, shopping, the Bow River, and major transportation routes.
Whether you're looking to live in the property, generate rental income, hold for future redevelopment, or take advantage of the R-CG zoning, this property offers multiple ways to create value.
Address
1804 41 Street NW
List Price
$744,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary NW
Sub-Area
Montgomery
Bedrooms
4
Bathrooms
2
Floor Area
886 Sq. Ft.
Lot Size
6296 Sq. Ft.
Year Built
1955
MLS® Number
A2341910
Listing Brokerage
KPLI Real Estate Corporation
Basement Area
Full
Postal Code
T3B 1A5
Zoning
R-CG
Site Influences
Back Lane, Back Yard, Corner Lot, Schools Nearby, Shopping Nearby, No Neighbours Behind, Park, Playground, Sidewalks, Street Lights, Triangular Lot