For sale

Description

Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses.At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants.Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 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.Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association 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.Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal.Seizing this rare opportunity, conti ngent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now. (id:51913)

Key Details

  House
 12
 6
 1017.2 sqft

Price

$2,550,000

Property Features

  • MLS® Number A2097614
  • Price $2,550,000
  • Bedrooms: 12
  • Bathrooms: 6
  • Square Footage: 1017.2 sqft
  • Property Type: House
  • Community Name: Scarboro
  • Features Treed, Back Lane
  • Parking Space Total 4
  • Plan 5700ag

Buildings

Bathroom Total 6 Bedrooms Above Ground 9
Bedrooms Below Ground 3 Bedrooms Total 12
Architectural Style Bungalow Constructed Date 1945
Construction Style Attachment Detached Stories Total 1
Size Interior 1017.2 Sqft Total Finished Area 1017.2 Sqft
Type House

Land

Acreage No Size Frontage 48.77 M
Size Irregular 18201.77 Size Total 18201.77 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 18201.77 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) Zoning Description Rc1

Rooms

Level Type Dimensions
Basement 4pc Bathroom 6.17 Ft x 8.58 Ft
Basement Bedroom 12.67 Ft x 10.92 Ft
Basement Family Room 9.83 Ft x 13.08 Ft
Basement Recreational, Games Room 15.33 Ft x 10.92 Ft
Basement 4pc Bathroom 7.67 Ft x 9.33 Ft
Basement Kitchen 11.58 Ft x 11.42 Ft
Basement Laundry Room 11.58 Ft x 11.42 Ft
Basement Living Room 11.58 Ft x 11.00 Ft
Basement Storage 7.00 Ft x 18.17 Ft
Basement 4pc Bathroom 5.08 Ft x 8.00 Ft
Basement Bedroom 11.08 Ft x 15.75 Ft
Basement Family Room 14.92 Ft x 11.50 Ft
Basement Kitchen 8.42 Ft x 8.50 Ft
Main Level 4pc Bathroom 4.92 Ft x 9.09 Ft
Main Level Bedroom 10.25 Ft x 10.50 Ft
Main Level Bedroom 11.00 Ft x 12.42 Ft
Main Level Kitchen 13.25 Ft x 9.25 Ft
Main Level Living Room 18.00 Ft x 12.50 Ft
Main Level Primary Bedroom 16.92 Ft x 11.58 Ft
Main Level Sunroom 19.50 Ft x 7.17 Ft
Main Level Sunroom 8.67 Ft x 8.75 Ft
Main Level 4pc Bathroom 6.58 Ft x 7.25 Ft
Main Level Bedroom 12.33 Ft x 10.58 Ft
Main Level Dining Room 8.42 Ft x 10.75 Ft
Main Level Family Room 12.33 Ft x 9.17 Ft
Main Level Kitchen 9.50 Ft x 12.67 Ft
Main Level Living Room 15.08 Ft x 13.00 Ft
Main Level Primary Bedroom 13.50 Ft x 11.33 Ft
Main Level Bedroom 13.42 Ft x 9.67 Ft
Main Level 4pc Bathroom 6.17 Ft x 7.33 Ft
Main Level Bedroom 11.17 Ft x 10.92 Ft
Main Level Bedroom 11.17 Ft x 10.17 Ft
Main Level Bedroom 10.83 Ft x 11.08 Ft
Main Level Dining Room 13.58 Ft x 10.17 Ft
Main Level Kitchen 13.58 Ft x 10.50 Ft
Main Level Living Room 17.58 Ft x 11.67 Ft

Agents and Offices

  • Manpreet Sachdeva
  • Office: Century 21 Bravo Realty
Address

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