185 Cornwallis Drive Nw, Calgary, Alberta

About 185 Cornwallis Drive Nw

ATTENTION DEVELOPERS: 6,857 sf corner lot with back alley off major thoroughfare, near bus routes, slated for RC-G zoning in ultra desirable Cambrian Heights!!! Approximately 70'x100' w/ small setbacks for road-see RPR, currently RC-2. Great option for a holding property with an absolutely massive 1,951 sf bungalow with 2 illegal suites. Former show home for phase 2 of Cambrian Heights. The main floor features one of the largest kitchens we have ever seen in a mid century bungalow and has large, open living and dining room areas with lots of natural light. Original oak hardwood floors throughout with ceramic tile in the kitchen. 3 good sized bedrooms and a large bathroom with jetted tub complete the main floor. 1 bedroom plus 'den' illegal walkout suite down with separate entrance featuring hardwood floors and a full kitchen and bath. Large refinished illegal bachelor suite with separate entrance, full kitchenette and bathroom and newer hardwood floors as well. There is a total of 5 bedrooms plus 'den' and 4 full bathrooms in this home. 3,529 square feet of development! Potential total rents could be easily in the $5,000/mo plus range, making this the rare property that can carry costs until development is ready to proceed. There are so many possibilities for this property. Rent and hold for long term appreciation and cash flow. Rent and have the property cover the carrying costs as you make your development plans, have them approved and are ready to proceed. Start development right away with the proposed new zoning allowing for more units and take advantage of the hot sales market. Live up and rent down with two great mortgage helpers. Renovate and have a massive bungalow with walkout basement in a fantastic desirable neighbourhood. The possibilities are endless with this property! This incredibly rare and unique property will not last long in this market, act quickly so as not to miss out!

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