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Viren Vijayashankar

viren@bowhaven.com +1(587) 742-8877

$ 935,000

Est. payment | -/mo

2 Beds

2 Baths

1,292 SqFt

Save

$ 935,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,292 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1292.16

Square Footage 1,292 sqft

Price per Sqft $723

Subdivision Bowness

MLS Listing ID A2303139

Style Bungalow

Bedrooms 2

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1955

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Detached

Property Description

BOWNESS FOURPLEX INFILL OPPORTUNITY: This offering presents a fully approved development opportunity in one of Calgary's resilient rental submarkets,Bowness. The property comprises a 5,991 sq. ft. R-CG-zoned parcel with an active City of Calgary Development Permit for an optimized "4+4" residential income property. The approved plans provide four custom designed two-story,two or three bedroom townhomes,each paired with fully independent legal one-bedroom lower secondary suites featuring a private exterior entrance. Value proposition and De-Risked Advantages: Avoid twelve months of administrative review,design revisions and approval delays. The Development Permit positions the project ready for Building Permit application. Infrastructure certainty: The Development Site Servicing Plan (DSSP) has been fully engineered and approved by the City of Calgary. Key development items addressed: Municipal development levy have been accounted for within the transaction framework. Approximately 1 km from Bowness Park,with nearby transit and community amenities,the property offers potential for long-term rental ownership. The existing bungalow and basement development requiring improvements may provide holding income upon occupancy approval until issuance of Building Permit ready for construction. An investment pro forma,architectural and site plans,and approved DP package are available to qualified buyers upon request. Buyers may explore CMHC MLI Select financing,subject to eligibility and lender approval. Buyers to independently verify approvals,remaining building permit requirements,costs,rental assumptions and projected returns. A Financial pro-forma has been prepared for illustrative and marketing purposes only,While metrics are deemed reliable,the seller and listing brokerage make no representations or warranties,express or implied,as to the accuracy of construction costs,future rental revenues,or municipal fee structures. Buyers must conduct their own independent financial and operational due diligence. Disclaimers: The existing home on the property is being sold strictly in as-is,where-is condition for lot value and development purposes. The structure has not been inspected for occupancy,and no warranties or representations are made regarding its safety,habitability or compliance with current building codes. All licenced agents and prospective buyers entering the home do so entirely at their own risk. Disclosure: the selling agent has a financial interest in the property.

Location

Province AB

County 0046

Community Fishing, Park, Playground, Pond, Pool, Schools Nearby, Shopping Nearby, Tennis Court(S), Walking/Bike Paths

Area Cal Zone Nw

Zoning R-CG

Direction NW

Rooms

Basement Other, Full, Finished

Interior

Interior Features See Remarks

Heating Forced Air

Cooling None

Flooring Hardwood, Laminate

Fireplace No

Appliance Dishwasher, Electric Range, Refrigerator

Laundry In Basement

Exterior

Exterior Feature None

Parking Features Driveway, Single Garage Detached

Garage Spaces 1.0

Fence Fenced

Community Features Fishing, Park, Playground, Pond, Pool, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 4

Garage Yes

Building

Lot Description Back Lane, Back Yard, Few Trees, Front Yard, Interior Lot, Landscaped, Lawn, Level

Dwelling Type House

Faces S

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Restrictions See Remarks

Listed by Sotheby's International Realty Canada

LOCATION AND OTHER NEARBY PROPERTIES

REVIEWS

Sara Bietz

I’ve had the pleasure of working with Viren in Arbour Lake, and I’ve always been impressed with how professional, responsive, and easy to work with they are. They genuinely care about their clients and consistently go above and beyond to make sure things are handled properly. It’s always a pleasure working with someone who is knowledgeable, reliable, and truly puts their clients first. I would happily recommend Viren to anyone looking for a great realtor in Calgary’s Northwest.

Geeta Singh

As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.

Sartaj Sekhon

Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary. What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road. Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue! If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!

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Viren Vijayashankar

Agent CON-00135400

+1(587) 742-8877

8312 47 AVE NW Calgary, AB T3B 1Z7

Viren Vijayashankar

Key Details

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Rooms

Interior

Exterior

Building

Others

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8312 47 AVE NW

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