328 29 AVE NE Calgary, AB T2E 2C3

Excellent Builder and investment opportunity in the community of Tuxedo Park. This 50x120 property sides onto a lane and is currently zoned R-C2. Owner has approval from CPC to change the land use designation to MC-1, which will allow for a 4 plex development with basement suites plus better height allowance (max 14m high). This house with 1 and half Story above grade provides one 3-bedroom unit and another 2-bedroom unit in the basement, it currently rents out at $2450/month excluding the utilities. The lease agreement terminates March 31, 2024. This is perfect for builder or developer to get their DP/BP for spring construction while collecting rent. Part upgrades and maintenances were done in 2018, newer furnace (not brand new), some windows replaced, new kitchen cabinets with newer appliances (not brand new), new flooring in loft and basement, fresh paints, plumbing/sewage/electrical inspected - any potential issue were taken care of - either repaired or replaced, wired fence around the yard, insulation inspected and repaired. Pictures were taken before tenants moved in. Close to Schools, Community Park, Restaurants, Public Transit, and Future C-Train Station. Easy Access to Downtown, Airport, and Deerfoot Trail.