ATTENTION DEVELOPERS AND INVESTORS! Rare, 70 x 120 development property in sought-after Bowness! This prime piece of real estate is perfectly positioned for multi-family housing development. Under the new city upzoning changes (coming onto effect on August 6, 2024) this lot will be rezoned to R-CG which allows for a maximum density of 75 units per hectare. Under the new R-CG zoning this lot is large enough to potentially house FIVE separate dwellings plus FIVE secondary suites (subject to permitting and approval)! Alternatively, if you were to pursue sub-division you could have two 35 x 120 foot lots allowing for large, detached homes on this quiet street just five minute walk to beautiful Bowness Park and the Bow River. Boasting convenient BACK ALLEY access and an existing FRONT DRIVE, this property is well-suited to accommodate multiple residences. This inner-city location provides easy access to a diverse range of amenities, including shopping, dining, schools, parks, transit, Foothills Hospital, the University of Calgary, and the beautiful Bow River—not to mention quick access to Hwy and the Rocky Mountains.
The existing, solid 3-BEDROOM BUNGALOW is currently tenant-occupied by pleasant, responsible tenants on a month-to-month rental agreement. This could provide income while deciding on future land use. All new vinyl windows installed in 2018, 2007 roofing, and hardwood floors are in place. Don't miss out on this fantastic opportunity to secure a valuable piece of real estate in Bowness. Call to set up a showing today!