1003 Cameron Avenue SW

Lower Mount Royal Calgary T2T 0K2

This incredible 4-plex is located in Lower Mount Royal at 1003 Cameron Ave SW and is comprised of 1 house and 3 townhouses and is fully rented. The house is 1,456 SF above grade and includes 2 bedrooms, a living room, dining room, kitchen, sunroom and a full bathroom. The basement of the house is 1,245 SF and has an additional 2 bedrooms, a bathroom, a kitchen area, a living room and a dining room (easily suitable). All in excellent shape with gleaming hardwood and cared for with a pride of ownership. The townhouses are accessed off of Royal Ave and vary in size and configurations and are all in excellent shape; one with 3 bedrooms / 1.5 bathrooms, one with 2 bedrooms / 1.5 bathrooms, and one with 2 bedrooms / 1 bathroom. The lot is a total of 6921.19 sq ft, it is zoned M-C2 with the building potential for up to 5 stories. Can't beat this location or view as it is literally steps away from the heart of 17th Ave SW. This is an extremely developer friendly Seller and is open to creative ideas. This is a great revenue producing property with the upside of land. There is also the option of a potential condo conversion. The lot features frontage on 9th Street and Royal Ave, as well as Cameron Ave, and it includes elevated parking at rear. The steep slope of the lot will make for a cost effective natural parkade entrance on Cameron Ave. There also isn't any max density for the site. Based on current zoning a building size of 17,230 sq ft is possible. Overall max building height is 16.0m (52.5 ft). But no need to develop now, instead hold a cash flowing asset in a blue chip location with a view like no other. Owners have had the property since the 50's and there's definitely room for revenue optimisation. As this property is all on one title measurements are from the exterior of the property.