Excellent investment or redevelopment opportunity in the highly sought-after inner-city community of Glendale! This 5,490 sq. ft. MU-1 zoned lot offers exceptional versatility for investors, developers, or buyers looking to live up and rent down. The main floor features three bedrooms and a full bath, while the lower (illegal) suite includes two bedrooms, a full bath, and shared laundry with additional storage. When fully occupied, rental income was approximately $1,600/month upstairs, $1,400/month downstairs (shared utilities), and $300/month for the double detached garage. Both suites are currently vacant—providing quick possession and flexibility to set new rents or move forward with redevelopment plans. Ideally located close to schools, parks, shopping, transit, and with easy access to downtown, this property presents strong upside potential in one of Calgary’s most desirable inner-city neighbourhoods.
Address
2615 37 Street SW
List Price
$722,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary W
Sub-Area
Glendale
Bedrooms
4
Bathrooms
2
Floor Area
1,020 Sq. Ft.
Lot Size
5489 Sq. Ft.
Year Built
1954
MLS® Number
A2264249
Listing Brokerage
CIR Realty
Basement Area
Full
Postal Code
T3E 3B2
Zoning
MU-1 f3.0h16
Site Influences
Back Lane, Back Yard, City Lot, Front Yard, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights