Three Calgary houses are for sale and you could own almost the whole street
If you have around $2.5 million burning a hole in your pocket, you can nab a series of houses for sale on a Calgary street right now.
The three homes, located just west of the downtown core, are located on 17th Avenue SW and are currently listed for $2,550,000.
Century 21 Bravo Realty
Century 21 Bravo Realty
Century 21 Bravo Realty
The Calgary listing involves houses 1718, 1724, and 1728 on 17th Avenue SW, which “presents a rare combination of immediate rental income and significant future development potential.”
A total square footage of over 18,000 is up for grabs between the three properties and a 160-foot-wide expanse along the esteemed 17th Avenue SW.
The 1718 17th Avenue SW home offers up a 60/100 feet corner lot with five bedrooms and two bathrooms and is currently undergoing restoration after a minor fire.
It has a partly finished basement and is “poised for new tenants.”
Century 21 Bravo Realty
Century 21 Bravo Realty
Century 21 Bravo Realty
The listing states that adjacent properties, 1724 and 1728 17th Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature five bedrooms, two bathrooms, and illegal basement suites.
For potential buyers, 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.
Century 21 Bravo Realty
Century 21 Bravo Realty
Beyond the immediate rental income, the development potential is vast, pending city 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.”
The listing added that current rental income from the properties for sale ranges from $3,000 to $3,500. However, a buyer could snag permits, and city-approved developments could “transform this property into a highly lucrative investment.”
Would you be interested in buying these three houses for sale in a row in Calgary? Let us know in the comments below.
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