Price Reduction! Situated on a desirable CORNER LOT, this bungalow offers an excellent combination of immediate rental potential and future redevelopment opportunity. The property is zoned R-CG and remains R-CG following the reversal of Calgary’s blanket rezoning. DEVELOPMENT PLANS HAVE ALREADY BEEN PREPARED FOR A PROPOSED DEVELOPMENT, providing a significant head start for a future redevelopment project, subject to required City approvals and permits.
The existing bungalow features 3 bedrooms and 1 full bathroom on the main floor, with BRAND NEW FLOORING throughout the home. The basement features an ILLEGAL SUITE with a separate entrance and separate laundry, providing additional flexibility for investors or extended family.
Located in the established community of Whitehorn, this property is an excellent HOLDING PROPERTY with multiple possibilities rent it out today, hold for the future, or explore redevelopment. This is a unique opportunity for investors, builders, and home owners looking for long term potential.
Address
5230 Whitestone Road NE
List Price
$579,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary NE
Sub-Area
Whitehorn
Bedrooms
5
Bathrooms
2
Floor Area
1,073 Sq. Ft.
Lot Size
5317 Sq. Ft.
Year Built
1975
MLS® Number
A2347481
Listing Brokerage
Royal LePage Blue Sky
Basement Area
Full
Postal Code
T1Y 1T6
Zoning
RC-G
Site Influences
Back Lane, Back Yard, Corner Lot, Fruit Trees/Shrub(s), Front Yard, Level, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Sidewalks