Exceptional Investment Opportunity: 6-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location!
Introducing a unique and remarkable 6-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike.
This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns.
The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views.
Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate.
Additional Highlights:
Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal.
Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents.
Natural Parkade Opportunities: The lot’s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave.
With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights—don’t miss out on this fantastic investment opportunity!More details
Are you a professional single or couple?….. Do you need an extra LOFT space for a home OFFICEFITNESS area, or art STUDIO, complete with custom BUILT-IN desks and storage? Do you dream of living in an EXECUTIVE neighborhood with multi-million-dollar homes up the street? Do you desire a fully renovated, high-end CUSTOM home featuring exquisite details like CUSTOM cabinetry, hidden FLAT-PANEL fridges, a sleek MAGNETIC GLASS fireplace, INDUCTION cooktop, coffee bar, and a stunning stone island? Do you envision yourself in a home with TWO expansive PRIMARY bedrooms, each with a luxurious ENSUITE’S. Do DUAL sinks and MASSIVE SHOWERScome to mind? Do you deserve the comfort of DUAL FURNACES and AIR CONDITIONING for year-round climate control? Do you like to scrape iceoff your car in the winter NO ? Then park in the large DOUBLE attached garage. Do you want to enjoy the convenience of walking to local RESTAURANTS, bars, and amenities? Do you value the convenience of CONDO LIVING with NO EXTERIOR MAINTENANCE, allowing you to LOCK and LEAVE whenever you travel? Do you deserve to live this inner-city executive lifestyle, just a short walk from downtown. YES ?? WELL, this should be your new home. We can not list of the amazing features here. Call your favorite Realtor with an eye for detail to view this home for yourself. (Click on the website link for more details)More details
Nestled on a quiet, tree-lined street in Lower Mount Royal, this charming 1912 two-storey home is just off of vibrant 17th Avenue SW with its trendy shopping, chic restaurants, bars, and cafes. With a walk score of 99, the location is truly unmatched with grocery stores, banks, and other amenities steps away from the home. This beautifully renovated home offers 2 bedrooms and 2 bathrooms, perfect for professionals, artists, or young families. Step inside and be greeted by a formal foyer that leads to a spacious living room with a bay window and a cozy dining room. The updated kitchen features an eating area and new hardwood flooring throughout. Upstairs, you'll find a luxurious Primary bedroom with a walk-in closet and a modern ensuite bath. The second bedroom, equipped with a Murphy bed and built-in bookcases, is perfect as a guest room or study. A standout feature of this home is the large studio space with vaulted ceilings, offering nearly 300 square feet for a family room, home office, or artist’s studio. Enjoy the newly landscaped backyard (2020) with patio stones and a fresh garden area, plus the convenience of a large concrete parking pad at the rear. The home boasts numerous infrastructure updates, including a new roof (2015), a newer boiler, and updated electrical. The lower level is undeveloped, providing even more potential. Just minutes from downtown, this home offers a fantastic opportunity to live in an inner-city neighborhood. This home was the long-term residence of famed Alberta artist John Snow, and his original printing press remains for the new owner to appreciate. The home is eligible for heritage grants from the city and/or province. Plus, the DC zoning allows for easy conversion for dual residential and office use, as seen with nearby businesses. Don’t miss out on this unique and charming home—book your private viewing today!More details
Data was last updated November 27, 2024 at 02:05 AM (UTC)
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