2616 24 ST SW Calgary, AB T2T 5H9

PRICE DROP! Attention Investors! This property presents a unique opportunity to acquire a 50x125 foot RC-2 zoned lot in the highly desirable community of Richmond, with potential for infill development or a duplex build. The property includes a 1,115sqf Bungalow with an illegal suite, featuring 3 bedrooms and 1 bathroom on the upper level, and 1 bedroom and 1 bathroom on the lower level, with a separate entrance to the basement.

Currently generating $2000 per month for the upper level and $900 for the lower level, plus $100 for parking, this property has a total potential monthly income of $3000. In addition, a quonset in the back typically generates $150 per month but is currently vacant. Both tenants are on a month-to-month lease and have expressed interest in continuing, although the property can be vacated with 90 days notice.

Located just minutes from Crowchild Trail, 17 Ave SW, and the popular Marda Loop, this property is in an ideal location. This is a great opportunity for investors seeking to expand their rental portfolio or for developers looking to build in a prime location. Don't miss out, schedule your showing today!