3604 Parkhill Street SW, Calgary, AB, T2S 2Z6

MLS® # A2310656

House For Sale In Parkhill, Calgary, Alberta

$1,299,900 QuickQuote^TM: $1.3M - $1.6M

3+1 Beds

2 Baths

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3604 Parkhill Street Sw, Calgary, AB - Outdoor With View

3604 Parkhill Street Sw, Calgary, AB - Outdoor

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Living Room With Fireplace

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Living Room

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Kitchen

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Dining Room

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Dining Room With Fireplace

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Bedroom

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Bathroom

3604 Parkhill Street Sw, Calgary, AB - Indoor Photo Showing Kitchen With Double Sink

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3604 Parkhill Street SW, Calgary, AB, T2S 2Z6

$1,299,900

4 Beds

2 Baths

Property Information:

3604 Parkhill Street SW presents an exceptional inner-city redevelopment opportunity in one of Calgary’s most sought-after transit-oriented communities. Currently zoned M-C2, the property has already undergone a highly positive pre-application meeting with senior City planners supporting future M-H1 zoning with an anticipated 3.0–3.5 FAR, allowing for a potential 6-storey development consisting of approximately 20–25 residential units. Adding even greater value, recent changes through the Chinook Communities Local Area Plan have significantly relaxed parking requirements within the transit corridor, creating substantial development efficiencies and maximizing buildable potential. Included with the property are professionally designed plans for an 11-unit condominium building that previously received Development Permit approval from the City of Calgary. Although the DP expired last year, renewal is expected to be straightforward, offering an excellent near-term development path while larger rezoning plans are pursued. The existing residence is well maintained and income generating, featuring a large kitchen, living room, three bedrooms and a 5pc bath upstairs plus a fully separate private walk-out illegal basement suite with a spacious kitchen, living room, one bedroom and a 4pc bath. Both living spaces have been updated with newer appliances in the basement making the property ideal for holding during planning and permitting stages. An additional rare opportunity exists with the neighboring property also potentially available for acquisition, creating the possibility for a significantly larger assembly site with piggyback zoning potential for an estimated 60–100 unit mid-rise development. Rarely do opportunities arise combining immediate rental income, approved development plans, favorable zoning momentum, transit-oriented intensification, and large-scale assembly potential in a premier SW Calgary location.

Inclusions: Basement Refrigerator

Building Features:

Total Finished Area: 1269.10

Property Features:

Architectural Style: Bungalow
Built in: 1957
Construction Materials: Stucco, Wood Frame, Wood Siding
Cooling: None
Exterior Features: Fire Pit, Private Entrance, Private Yard
Fireplace Features: Electric
Floor Space (approx): 1269.10 Square Feet
Flooring: Carpet, Ceramic Tile, Hardwood
Foundation Details: Poured Concrete
Heating: High Efficiency, Forced Air, Natural Gas
Interior Features: Built-in Features, Natural Woodwork, Separate Entrance, Storage
Levels: One
Lot Size: 7233.00 Square Feet
Parking Features: Driveway, Paved, Single Garage Attached
Roof: Asphalt
Zoning: M-C2
No. of Parking Spaces: 3

Courtesy of: 2% Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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