5113 17 Avenue NW,
Calgary,
T3B0P8
MLS® A2269865
-
FOR SALE $1,600,000.00
-
FOR SALE $1,600,000.00
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This is a rare and exceptional opportunity to acquire a cash-flowing 4-Plex on an oversized 8,890 sq ft lot strategically located in the highly desirable and rapidly evolving community of Montgomery. The property offers substantial immediate income while providing a clear path to maximum future value through significant redevelopment.
The existing, well-maintained 4-Plex generates a strong gross income of $7,000 per month before typical property expenses (taxes and insurance). This allows an investor to hold and generate income immediately, offsetting holding costs while navigating the planning and permitting process for future development.
The true value lies in the substantial land and its superior zoning potential. The expansive 8,890 square foot lot is a prime candidate for a high-density residential project.
The site has the potential to be redeveloped into a modern residential building offering up to 20 units with underground parking. This level of density allows for a premium return on investment in a high-demand urban locale.
The large lot size is perfectly suited for efficient architectural design and maximum build-out.
Positioned in the heart of Montgomery, this property benefits from an infusion of new development, driving up property values and rental demand. The location offers unbeatable connectivity to key urban amenities and infrastructure:
Education & Health: Minutes to the University of Calgary and the Foothills Medical Centre/Hospital – a constant source of high-quality renters.
Connectivity: Immediate access to major transit routes and a quick commute to Downtown Calgary.
Direct access to 16th Avenue/Highway 1, offering unparalleled ease for weekend getaways to the Rocky Mountains.
Steps away from shopping centers, trendy restaurants, and recreational pathways, ensuring a desirable lifestyle for future residents.
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ESSENTIAL
| MLS®: | A2269865 |
| Price: | 1,600,000.00 |
| Type: | Land |
| Sub Type: | Residential Land |
| Lot Size: | 826 sq. ft. |
| Restrictions | None Known,Restrictive Covenant |
| DOM | 53 |
INTERIOR SNAPSHOT
COMMUNITY DETAILS
| Address: | 5113 17 Avenue NW, Calgary, Alberta T3B0P8 |
| City: | Calgary |
| Subdivision: | Montgomery |
| County: | Calgary |
| Province: | Alberta |
| Postal Code: | T3B0P8 |
| School: | Schools |
| Housing: | Housing Market |
| Statistics: | Real Estate Statistics |
EXTERIOR
| Zoning: | R-CG |
ROOM DIMENSIONS
Inclusions:
N/A
Big John PetersonRE/MAX Realty Professionals
Cell: 403-244-5646
Office: 403-244-5646
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December 30th 7:00pm
Property Overview 5113 17 Avenue NW, Calgary, Alberta, T3B0P8
This new listing is a Land located at 5113 17 Avenue NW, Calgary MLS® A2269865 in Montgomery has 0 bedrooms, 0 bathrooms, approximately 0 Sq. Ft. priced at $1,600,000. View location on Google maps, compare real estate statistics, Open Houses, just listed, crime statistics, golf course homes, local parks more information on community of Montgomery real estateFAQs 5113 17 Avenue NW, Calgary, Alberta, T3B0P8
5113 17 Avenue NW MLS® A2269865 has an approximate size of 0 Sq. Ft. located in Montgomery.
Nearby schools include read Schools & resources
There are 0 bedrooms and 0 bathrooms in this Land listing at 5113 17 Avenue NW, MLS® A2269865.
This Land listings is priced at $1,600,000.
This property is located at 5113 17 Avenue NW, Calgary, Alberta, T3B0P8 in the Montgomery community on the market for 53 days. View location on Google maps.
You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Montgomery community resources page.
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Big John Peterson - RE/MAX Realty Professionals
Big John PetersonRE/MAX Realty Professionals
Cell: 403-244-5646
Office: 403-244-5646
(142 Reviews)
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