2622 42 Street SE
House for sale in Calgary — $624,900
Key facts
- Type: House
- Price: $624,900
- Bedrooms: 3
- Bathrooms: 1
- Living area: 991 sq ft
- Lot: 6,100 sq ft
- Year built: 1959
- City: Calgary
- MLS® number: A2335671
- Agent: Century 21
- Brokerage: Century 21 Canada
Description
An exceptional opportunity for developers, investors, and builders in a rapidly transforming inner-city corridor. Situated on a large 50' x 122' RC-G lot, this property comes with Development Permit (DP) approval from the City of Calgary for an 8-unit residential project, allowing you to fast-track your next development. This lot is exception for building as its a flat lot with no power poles and very few trees. The surrounding area is experiencing significant revitalization, with numerous newly completed and approved multi-family projects nearby, making this an outstanding investment in one of southeast Calgary's emerging redevelopment pockets. The existing bungalow offers excellent holding income while you plan your project, featuring 3 bedrooms on the main floor and a 2-bedroom illegal basement suite with a separate entrance. Recent updates include new shingles on both the house and detached garage as well as a new sewer line from the home to the city connection. The main floor showcases original hardwood flooring beneath the living room carpet, a cozy wood-burning fireplace, a spacious kitchen and dining area, three generous bedrooms, and a full bathroom. The basement includes a shared laundry area, full kitchen, large living room, two bedrooms, a 3-piece bathroom, and additional storage. Perfectly positioned at 2622 42 Street SE, this property offers exceptional convenience with schools, parks, playgrounds, public transit, and shopping all within walking distance.…