ATTN: INVESTORS & DEVELOPERS H-GO ZONING! Discover this exceptional 50-ft x 125-ft CORNER LOT in the highly sought-after KILLARNEY neighbourhood! With H-GO zoning, you can build taller 12m townhomes and stack them, whereas with R-CG, the townhomes must be 11m and no stacking is allowed. This zoning opens up a number of possibilities for redevelopment-Units can be built in two separate buildings behind each other on one property, with a separate garage and basement suites may also be allowed, with appropriate permits & pending City approval. This sale includes both 2629 & 2631 25 Ave SW (both sides of a semi-detached home), offering an incredible chance for full redevelopment or upgrading of the existing property with the potential for 4x legal or illegal rental suites (pending city permits and approvals). PRIME LOCATION: Killarney is perfect for families, with two schools within the community and several nearby parks, playgrounds, and fields. It’s also ideal for working professionals seeking a quick commute to downtown and access to all essential amenities. PROPERTY FEATURES: The current property offers a three-bed + den on one side and a two-bed + large storage room on the lower level of the other side. Both units enjoy kitchens that overlook a spacious backyard, along with generously sized living areas. The corner lot offers an abundance of outdoor space for tenants to enjoy, and with a paved alley right off 25 Ave, convenience is key! NEIGHBOURHOOD PERKS: Killarney blends the charm of a suburban feel with the benefits of an inner-city neighbourhood. It’s a community people fall in love with, boasting a mix of mature trees, modern infills, and a vibrant community association that offers a garden and various classes and activities. You’ll find shopping, restaurants, pubs, and recreational facilities just minutes away, with Westbrook Mall a quick 3-minute drive and downtown easily accessible via Bow Trail or the Westbrook LRT. The area is especially popular with young families and offers both public and separate schools. Mount Royal University is also located just to the south, adding to the appeal for potential tenants or homeowners. This is a rare investment opportunity with a desirable lot, prime location, and endless potential for redevelopment or renovation. Don’t miss out!
Data was last updated November 21, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$919,900
Min list price:
$225,000
Max list price:
$1,759,000
Avg days on market:
40
Min days on market:
5
Max days on market:
154
Avg price per sq.ft.:
$546.84
These statistics are generated based on the current listing's property type
and located in
Killarney/Glengarry. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.