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1128-1136 38 Street Se, Calgary, Alberta – $1,050,000

  • $1.1M Price
  • 864 Sqft
  • 46 DOM
  • $1.1M Price
  • 864 Sqft
  • 46 DOM

1128-1136 38 Street Se

With 150 ft of frontage in the up-and-coming district bordering the rejuvenated 17th Ave, this is an excellent opportunity for a developer or aspiring landlord to pick up a pre-assembled package of R-C2 land with potential to re-zone to R-CG and holding income in the meantime. Operating with a net income of more than $40,000 annually, the package includes 3 solid 1957 bungalows with tenants in place and a total 18,890 sf of developable land. Proximity to nearby amenities, transportation routes and the 17th Ave BRT offer the buyer an incredible chance to acquire a turnkey investment or future development prospect. Access to land is, and will continue to be, most significant obstacle for urban development, and with nearly 20,000sf, you could be the one holding out for top dollar, or developing and selling new duplexes or townhomes in just a few short months. Don’t miss out on your chance to pick up one of the largest contiguous parcels that’s been made available in recent history! Call today!

Essential Information

  • MLS® #A1153843
  • Price$1,050,000
  • Bathrooms0.00
  • Square Footage864
  • Acres0.00
  • Year Built1957
  • TypeMulti-Family
  • Sub-TypeRow/Townhouse
  • StyleBungalow
  • StatusActive

Community Information

  • Address1128-1136 38 Street Se
  • SubdivisionForest Lawn
  • CityCalgary
  • CountyCalgary
  • ProvinceAlberta
  • Postal CodeT2A 1G4

Amenities

  • Parking Spaces6

Interior

  • HeatingForced Air, Natural Gas
  • Has BasementYes
  • BasementFull
  • # of Stories1

Appliances

Refrigerator, Stove(s), Washer/Dryer, Window Coverings

Exterior

  • RoofAsphalt Shingle
  • ConstructionWood Frame
  • FoundationBlock

Lot Description

Back Lane, City Lot, Near Shopping Center, Near Public Transit, Rectangular Lot, See Remarks

Additional Information

  • ZoningR-C2

Listing Details

  • OfficeREAL BROKER
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.