3604 Parkhill ST SW, Calgary, AB T2S 2Z6
3604 Parkhill ST SW, Calgary, AB T2S 2Z6
3604 Parkhill ST SW, Calgary, AB T2S 2Z6
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$1,400,000
Est. payment /mo
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4 Beds
2 Baths
1,269 SqFt
New

3604 Parkhill ST SW Calgary, AB T2S 2Z6

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Lisa Kauffmann

Lisa Kauffmann

+1(403) 400-0023

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1269.1

Square Footage 1,269 sqft

Price per Sqft $1,103

Subdivision Parkhill

MLS Listing ID A2310656

Style Bungalow

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1957

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Detached

Property Description

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 revenue 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.

Location

Province AB

County Cal Zone Cc

Community Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Area Cal Zone Cc

Zoning M-C2

Direction SW

Location Details Suite Attached/Within Primary Dwelling

Rooms

Basement Separate/Exterior Entry, Walk Out, Full, Finished

Guest Accommodations Basement

Interior

Interior Features Built-in Features, Natural Woodwork, Separate Entrance, Storage

Heating High Efficiency, Forced Air, Natural Gas

Cooling None

Flooring Carpet, Ceramic Tile, Hardwood

Fireplaces Number 1

Fireplaces Type Electric

Inclusions Basement Refrigerator

Fireplace Yes

Appliance Built-In Oven, Dishwasher, Dryer, Electric Cooktop, Electric Stove, Garage Control(s), Refrigerator, Washer

Laundry In Basement, Laundry Room

Exterior

Exterior Feature Fire Pit, Private Entrance, Private Yard

Parking Features Driveway, Paved, Single Garage Attached

Garage Spaces 1.0

Fence Partial

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Roof Type Asphalt

Porch Front Porch, Patio

Total Parking Spaces 3

Garage Yes

Building

Lot Description Back Yard, Corner Lot, Few Trees, Landscaped, Private, Street Lighting

Dwelling Type House

Faces W

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Dwelling Type Suite Attached/Within Primary Dwelling

Level or Stories One

New Construction No

Others

Restrictions None Known

Virtual Tour https://youtu.be/i0bCPzERVbs

Listed by 2% Realty

NEARBY SCHOOL & BUSINESS

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Lisa Kauffmann

Lisa Kauffmann

Real Estate Associate

+1(403) 400-0023

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3604 Parkhill ST SW