185 Cornwallis DR NW Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2K 1V4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $467
Subdivision Cambrian Heights
MLS Listing ID A2219804
Style Bungalow
Bedrooms 4
Full Baths 4
Year Built 1958
Annual Tax Amount $4,494
Tax Year 2024
Lot Size 6,856 Sqft
Property Sub-Type Detached
Property Description
ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we've seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won't last in today's market. Act quickly to secure your piece of Cambrian Heights!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-CG
Interior
Heating Forced Air
Cooling None
Flooring Ceramic Tile,Hardwood
Inclusions 3 fridges, 3 stoves, dishwasher, washer, dryer
Laundry Common Area
Exterior
Parking Features Off Street,Single Garage Attached
Garage Spaces 1.0
Garage Description Off Street,Single Garage Attached
Fence Partial
Community Features Park,Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
Roof Type Asphalt Shingle
Building
Lot Description Back Lane,Corner Lot
Foundation Poured Concrete
Structure Type Brick,Wood Frame,Wood Siding