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Richmond, Calgary Listing #: A1059008

$514,900
4 Beds
2 Baths
998 Sqft
67,662 Lot SqFt
1950 Built


Incredible value for a great investment and redevelopment property in Richmond. This solid bungalow has an extremely deep lot close to 150 ft. long in the extremely popular Marda Loop area making this an excellent property for future redevelopment. Inside you'll find solid home with newly refinished hardwood floors, fresh paint with a renovated main floor bathroom, plus an updated and open kitchen with stainless steel appliances. Downstairs features an illegal 1 bedroom suite that has a new bathroom recently added. The bathroom was just reconfigured with a new shower, sink, toilet and flooring added. The basement has also been recently painted as well to make the property more appealing and more move in ready. This home is a great option for someone wishing to supplement the mortgage by choosing to live up and rent down (illegal suite). Recent rents were $1600 up and $800 down including utilities prior to the renovations and could possibly be more. The lot is currently zoned R-C2, but meetings with the Richmond Community Association had garnered support of a density increase to M-CG or M-C1 for a great 4 storey building on the 3 lots of 2208, 2212 and 2216. The 3 lots combined would total over 21400 sq. ft. of development potential. Out back you'll see the huge backyard with a single car garage and parking pad. Next door features a huge 4 car garage with a beautiful and legal garage suite above showing another possible development option for this property. Call today for details or to arrange a private showing.
Features: Dog Run

Site Influences
  • Schools Nearby
  • Playground
  • Sidewalks
  • Street Lights
  • Back Lane
  • Back Yard
  • Front Yard
  • Landscaped
  • Street Lighting

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Listed By: RE/MAX HOUSE OF REAL ESTATE

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