1 / 14Property Description
ATTENTION DEVELOPERS, BUILDERS & INVESTORS—BOWNESS FOURPLEX INFILL OPPORTUNITY. This 5,991 sq. ft. R-CG-zoned parcel at 8312 47 Avenue NW features an approved Development Permit for a fourplex with four legal one-bedroom basement suites totalling eight potential rental units. Plans include four two-storey, three-bedroom townhomes with private-entry lower suites. An engineered and approved Development Site Servicing Plan further advances project preparation. List price includes City of Calgary Development Levy fee.Approximately 1 km from Bowness Park, with nearby transit and community amenities, the property offers potential for long-term rental ownership. The existing bungalow with basement development may provide holding income while building permit plans are ready for construction.An investment pro forma, architectural and site plans, and approved DP package are available to qualified buyers upon request. Buyers may explore CMHC MLI Select financing, subject to eligibility and lender approval. Buyers to independently verify approvals, remaining building permit requirements, costs, rental assumptions and projected returns.Disclosure: Listing agent is a part-owner of the property "Disclaimer: The available upon request financial pro-forma and investment analysis have been prepared for illustrative and marketing purposes only. While metrics are deemed reliable, the seller and listing brokerage make no representations or warranties, express or implied, as to the accuracy of construction costs, future rental revenues, or municipal fee structures. Buyers must conduct their own independent financial and operational due diligence. Disclaimer: The existing home on the property is being sold strictly in as-is, where-is condition for lot value and development purposes. The structure has not been inspected for occupancy, and no warranties or representations are made regarding its safety, habitability or compliance with current building codes. All licenced agents and prospective buyers entering the home do so entirely at their own risk. (id:67585)
8312 47 Avenue NW
Bowness, Calgary · Single Family
$935,000
2
Beds
2
Baths
1,292
Sq Ft