3218 29 Street SW

About this home

**ATTENTION BUILDERS, DEVELOPERS & INVESTORS!** An outstanding opportunity to secure a full-size **50' x 125' inner-city lot in the highly sought-after community of Killarney!** With rear lane access and exciting redevelopment potential, this property is ideally suited for those looking for their next inner-city project. Adding to its appeal, **the neighbouring lot just received approval for rezoning to R-CG**, highlighting the redevelopment possibilities in this location. Whether you're considering a future infill project, townhome development, or exploring higher-density redevelopment options such as H-GO zoning, this substantial parcel offers exciting possibilities, subject to City approvals. **ADDED BONUS!** The existing property is a legally suited up/down duplex generating approximately **$3,400 per month in rental income**, featuring 3 bedrooms upstairs and 2 bedrooms downstairs. Great long-term tenants provide valuable holding income to help offset carrying costs while you explore rezoning, development plans, and permitting for your next project. Situated in an established inner-city neighbourhood surrounded by modern infills and ongoing redevelopment, the property is just minutes from downtown, schools, parks, transit, major routes, and the popular shops and restaurants of 17th Avenue SW. **BUY NOW, COLLECT RENT, AND PLAN FOR THE FUTURE!** A fantastic opportunity to secure a substantial inner-city lot with immediate rental income and exciting redevelopment potential in one of Calgary's most desirable communities! (id:67720)

Home details

Property type

Single Family

Living area

1,153 sq. ft.

Building type

House

Style

Bungalow

Year built

1953

Storeys

1

Bedrooms above grade

3

Bedrooms below grade

2

Basement

Finished, Full, Separate entrance, Suite

Heating

Forced air, Natural gas

Cooling

None

Flooring

Carpeted, Linoleum

Appliances included

See remarks

Parking spaces

2

Parking

Parking Pad, Street

Lot features

Treed, See remarks, Back lane, Level

Lot dimensions

580.00

Community features

Golf Course Development

Zoning

DC

Title

Freehold

Lot size

580 square meters

Property taxes

$5,130 (2026)

MLS® number

A2351438

MLS® A2351438 · Listed by CIR Realty · Information updated Oct 28, 8:34 p.m.

Location

Living in Killarney/Glengarry

See every home for sale in Killarney/Glengarry.