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.
Essential information
MLS® number
A2341910
Status
Active
Price
$700,000
Property type
Residential
Type
Detached
Transaction
For Sale
Restrictions
None Known
Bedrooms
4
Bathrooms
2 full
Living area
886 sq ft
Lot size
6,296 sq ft
Year built
1955
Structure
House
Style
Bungalow
Levels
One
Listing brokerage
KPLI Real Estate Corporation
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air
Flooring
Ceramic Tile, Hardwood, Laminate
Appliances
Dishwasher, Dryer, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
Features
Laminate Counters, Separate Entrance, Storage, Vinyl Windows
Fireplaces
0
Laundry
Multiple Locations
Basement
Full
Basement development
Finished
Included
2 Refrigerator, 2 Stove(s)
Exterior and construction
Construction
Vinyl Siding, Wood Frame
Roof
Asphalt Shingle
Foundation
Poured Concrete
Lot features
Back Lane, Back Yard, Corner Lot, No Neighbours Behind, Triangular Lot
Frontage
30.18M 99`0"
Zoning
R-CG
Parking
Total parking
4
Features
Concrete Driveway, Parking Pad
Community
City
Calgary
Province
AB
Postal code
T3B 1A5
Features
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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38 photos$750,0004535 17 Avenue NW, Calgary
