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Richard Rutkowski

[email protected] +1(905) 876-6660

$ 925,000

Est. payment -/mo

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Price Dropped by $24K

185 Cornwallis Drive NW Calgary, AB T2K1V4

4 Beds

4 Baths

1,980 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,980 sqft

Price per Sqft $467

Subdivision Cambrian Heights

MLS® Listing ID A2219804

Style Bungalow

Bedrooms 4

Year Built 1958

Lot Size 6,856 Sqft

Acres 0.15740612

Property Sub-Type Freehold

Source Calgary Real Estate Board

Property Description

ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we've seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won't last in today's market. Act quickly to secure your piece of Cambrian Heights! (id:24570)

Location

Province AB

Rooms

Kitchen 3.0

Extra Room 1 Basement 5.92 Ft x 5.08 Ft 3pc Bathroom

Extra Room 2 Basement 8.00 Ft x 4.92 Ft 3pc Bathroom

Extra Room 3 Basement 5.00 Ft x 8.42 Ft 4pc Bathroom

Extra Room 4 Basement 12.42 Ft x 14.83 Ft Bedroom

Extra Room 5 Basement 13.75 Ft x 7.25 Ft Kitchen

Extra Room 6 Basement 12.33 Ft x 13.33 Ft Kitchen

Interior

Heating Forced air

Cooling None

Flooring Ceramic Tile, Hardwood

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Partially fenced

View Y/N No

Total Parking Spaces 1

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Real Estate Professionals Inc.

Richard Rutkowski

License Partner | Broker of Record | License ID: HBRUTKORI

+1(905) 876-6660

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