1516 47 Street SE
Calgary T2A 1R4
MLS® Number: A2197631
$ 598,000
5
BEDROOMS
2 + 0
BATHROOMS
904
SQUARE FEET
1959
YEAR BUILT
Attention investors and developers! This property is being sold together with 1510 47 St SE, creating a substantial 100' x 120' (12,000 sf) combined lot with immense development potential. There is potential to get up to 8 townhomes with 8 legal basement suites, for a total of 16 units. This redevelopment project could cater to Calgary's growing demand for housing. Currently featuring a ILLEGAL SUITED HOME, with tenants in place. The functional main floor offers a spacious living room, a bright kitchen, a full bathroom, and three generously sized bedrooms. The lower level features a fully developed illegal suite with its own separate entry, full kitchen, shared laundry, full bathroom, and two bedrooms. The exterior of the home is equally impressive, with an oversized detached double garage, an additional parking pad, and a beautifully landscaped private yard perfect for entertaining. Whether you're an experienced builder or developer seeking your next project or an investor looking to capitalize on cash flow and future development possibilities, this offering is truly exceptional. Owner is unaware of any permits for the basement development.
| COMMUNITY | Forest Lawn |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1959 |
| SQUARE FOOTAGE | 904 |
| BEDROOMS | 5 |
| BATHROOMS | 2.00 |
| BASEMENT | Finished, Full |
| AMENITIES | |
| APPLIANCES | Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer |
| COOLING | None |
| FIREPLACE | N/A |
| FLOORING | Laminate, Linoleum |
| HEATING | Forced Air, Natural Gas |
| LAUNDRY | In Basement |
| LOT FEATURES | Landscaped, Low Maintenance Landscape, Rectangular Lot |
| PARKING | Double Garage Detached |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | Royal LePage METRO |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| 4pc Bathroom | 5`8" x 6`5" | Basement |
| Bedroom | 10`9" x 11`6" | Basement |
| Bedroom | 11`1" x 9`0" | Basement |
| Kitchen | 11`1" x 10`3" | Basement |
| Game Room | 11`0" x 14`6" | Basement |
| Storage | 3`9" x 2`8" | Basement |
| Furnace/Utility Room | 10`8" x 15`1" | Basement |
| 4pc Bathroom | 9`7" x 5`1" | Main |
| Bedroom | 10`0" x 10`5" | Main |
| Bedroom | 10`0" x 8`0" | Main |
| Foyer | 5`4" x 4`3" | Main |
| Kitchen | 9`7" x 14`11" | Main |
| Living Room | 13`5" x 15`6" | Main |
| Bedroom - Primary | 9`7" x 11`2" | Main |
| Walk-In Closet | 3`0" x 3`3" | Main |
| Walk-In Closet | 3`0" x 3`3" | Main |
