1718,1724,1728 17 Avenue Sw, Scarboro in Calgary, AB
This is a Residential (Bungalow) with a Full, Suite basement and Double Garage Detached parking.
Work with an experienced agent who knows ~the Scarboro area~ View This Property
1718,1724,1728 17 Avenue Sw, Scarboro in Calgary
Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses. At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants. Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 1724 is leased for $3,000 plus utilities under a one-year agreement until July 31, 2024, while 1728 is leased for $3,500 plus utilities with a similar lease term. Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association confirmation and approval. Options range from adding a lane home or creating a duplex/fourplex to incorporating commercial space, developing a mixed-use condominium, or constructing a multi-residential condominium similar to a successful project adjacent to 1718. Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal. Seizing this rare opportunity, contingent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now.
$2,550,000
1718,1724,1728 17 Avenue Sw, Calgary, Alberta
Essential Information
- MLS® #A2097614
- Price$2,550,000
- Price per Sqft2507
- Bedrooms12
- Bathrooms6.00
- Full Baths6
- Square Footage1,017
- Acres0.42
- Year Built1945
- TypeResidential
- Sub-TypeDetached
- StyleBungalow
- StatusActive
- Days on Market136
Amenities
- Parking Spaces4
- ParkingDouble Garage Detached, Off Street, Stall, Single Garage Detached
- # of Garages4
Room Dimensions
- Dining Room8`5 x 10`9
- Family Room9`10 x 13`1
- Kitchen13`3 x 9`3
- Living Room18`0 x 12`6
- Master Bedroom16`11 x 11`7
- Bedroom 210`3 x 10`6
- Bedroom 311`0 x 12`5
- Bedroom 412`8 x 10`11
Additional Information
- ZoningRC1
Community Information
- Address1718,1724,1728 17 Avenue Sw
- SubdivisionScarboro
- CityCalgary
- ProvinceCalgary
- Postal CodeT2T 0E7
Interior
- Interior FeaturesPantry, Storage, Wood Counters
- AppliancesGas Stove, Refrigerator, Washer/Dryer
- HeatingForced Air
- CoolingNone
- Has BasementYes
- BasementFull, Suite
Exterior
- Exterior FeaturesFire Pit, Garden, Private Yard
- Lot DescriptionBack Lane, Back Yard, Irregular Lot, Many Trees, Rectangular Lot, Treed
- RoofAsphalt Shingle
- ConstructionStucco, Wood Frame, Wood Siding
- FoundationPoured Concrete
- Lot Size Square Feet18201.00
- Listing Frontage48.77M 160`0"
Listing Details
- Listing OfficeCENTURY 21 BRAVO REALTY