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Scarboro - SW Calgary Real Estate
Scarboro is a bit more complex than other Calgary communities in that it is made up of two parts: Upper Scarboro and Scarboro proper. The latter is located to the east of Crowchild Trail SW and the former is located to the west. Scarboro proper is also known as Sunalta West because Sunalta is the neighboring community to the east. Between these two parts the community as a whole had a population of 880 in 2012.
Transit
Bus route 414 runs through the neighboring community to the south, Bankview.
Parks & Recreation
Two parks border the community of Scarboro -- Shagnappi Park and Royal Sunalta Park. The former features an off-leash area for dogs as well as a tennis court, while the latter consists wholly of tennis courts -- nine to be exact.
When it comes to shopping, residents must take a short drive down 17th Avenue SW to the east or west to reach areas like the Westbrook Shopping Centre and the CORE Shopping Centre. Located around these shopping centres are multitudes of boutiques, eateries, pubs and service providers.
Schools
● Sunalta Elementary
● Mount Royal Junior High
● Vincent Massey Junior High
● Western Canada High
Houses of Worship
● Scarboro United Church
● Calgary Full Gospel Church
● St Matthew's United Church
Scarboro - SW Calgary MLS® System Listings
1718,1724,1728 17 Avenue SW - MLS® # A2097614
- Property Value $2,550,000
- Living Area 1,017 sq ft.
- Bedrooms 12
- Bathrooms 6
- Lot Size Area 18201.0 sqft
- Type Detached
- Style Bungalow
- Basement Full, Suite
- Year Built 1945
Description
Land Assembly :This exceptional real estate opportunity, comprising 1718, 1724, and 1728 17 Avenue SW, presents a rare combination of immediate rental income and significant future development potential. With a total square footage of 18,201.77 and a 160-foot-wide expanse along the esteemed 17th Avenue SW, developers and investors are offered a trio of full houses. At 1718 17 Avenue SW, a 60/100 feet corner lot with 5 bedrooms and 2 bathrooms is currently undergoing restoration after a minor fire. This property, complete with an partly finished basement ,is poised for new tenants. Adjacent properties, 1724 and 1728 17 Avenue SW, both with dimensions of 50/111 feet and 50/121 feet, feature 5 bedrooms, 2 bathrooms, and illegal basement suites. The house at 1728 has an upgraded RMS area of 1103.69 sq ft, and the garage dimensions are 12/20 sq feet. Similarly, the house at 1724 boasts an upgraded RMS area of 1030.94 sq ft, with garage dimensions also measuring 12/20 sq feet. Notably, 1724 is leased for $3,000 plus utilities under a one-year agreement until July 31, 2024, while 1728 is leased for $3,500 plus utilities with a similar lease term. Beyond the immediate rental income, the development potential is vast, pending city and Scarboro Community Association confirmation and approval. Options range from adding a lane home or creating a duplex/fourplex to incorporating commercial space, developing a mixed-use condominium, or constructing a multi-residential condominium similar to a successful project adjacent to 1718. Current rental income from these properties ranges from $3,000 to $3,500. However, unlocking the full potential through city-approved developments could transform this property into a highly lucrative investment. The location advantages, from its prestigious 17th Avenue SW address to quick access to Downtown, Crowchild Trail, the Bow River, C Train station, and a conveniently located bus stop, add to its appeal. Seizing this rare opportunity, contingent on city and Scarboro Community Association approval, seamlessly combines immediate returns with substantial future development. Don't miss out, secure your showing now.
1718,1724,1728 17 Avenue SW, Calgary
Features
Fire Pit, Garden, Private Yard
Listing Provided By
CENTURY 21 BRAVO REALTY
Last Updated
2024-01-11 13:20
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