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1003 Cameron Avenue SW
Lower Mount Royal Calgary T2T 0K2

$2,490,000
Multi-Family 4,356 sq. ft. built: 1950

Main Photo: 1003 Cameron Avenue SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2181924
Photo 1: 1003 Cameron Avenue SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2181924
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2181924
Year Built:
1950
Exceptional Investment Opportunity: 4-Plex-Bungalow House with 3 Attached Townhouses in Prime Mount Royal Location! Introducing a unique and remarkable 4-plex at 1003 Cameron Ave SW, perfectly nestled in the sought-after Lower Mount Royal neighbourhood. This prime real estate boasts an unbeatable location, just steps away from the vibrant heart of 17th Ave SW, making it a coveted choice for savvy investors and visionary developers alike. This exceptional property features a spacious bungalow house with three bedrooms alongside three additional attached townhouses, all fully rented, ensuring immediate revenue generation. The main of the bungalow house floor unit showcases a bright living room, a charming dining area, a well-equipped kitchen, a sunroom, and a full bathroom. The fully developed basement further enhances the property's appeal by including two separate, self-contained units: one 2-bedroom and one 1-bedroom, each equipped with its own kitchen and bathroom. Collectively, the property generates an impressive income of $12,000 per month, with abundant potential for even higher returns. The three townhouses, accessible from Royal Ave, are in excellent condition and designed for tenant appeal, featuring configurations that include one townhouse with three bedrooms and 1.5 bathrooms, while the others offer two bedrooms each, with either 1.5 or 1 bathroom. All units come with unobstructed downtown views. Spanning an expansive 6,921.19 sq ft, the lot is zoned M-C2, offering substantial development potential of up to 5 stories. With no maximum density for the site, current zoning allows for a building size of up to 17,230 sq ft and a maximum height of 16.0m (52.5 ft), making this property a haven for ambitious developers eager to innovate. Additional Highlights: Parking On-Site: Convenient on-site parking for tenants and guests, enhancing the property's appeal. Unique Access Points: Access from 9th Street, Royal Ave, and Cameron Ave ensures easy entry for residents. Natural Parkade Opportunities: The lot’s advantageous slope creates a cost-effective opportunity for a natural parkade entrance along Cameron Ave. With a solid monthly rental income and significant potential for appreciation, this investment is truly attractive in a blue-chip location with breathtaking views. Additionally, there is ample room to explore possibilities for condominium conversion or enhanced revenue streams. After years of ownership since the 1950s, this developer-friendly seller is open to creative insights—don’t miss out on this fantastic investment opportunity!
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
3 Level Split, Bungalow
Total Living Area:
4,355.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,921 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Levels:
One and One Half
Year built:
1950 (Age: 75)
Bathrooms:
- (Full:-, Half:-)
Plan:
179R
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, See Remarks, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Vinyl Siding, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
9
Parking:
Double Garage Attached, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Lower Mount Royal
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Refrigerator, Washer, Washer/Dryer Stacked
n/a
None Known
Yes
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Laminate Counters, Separate Entrance
Exterior Features:
Garden, Rain Gutters
Lot Features:
Corner Lot, Front Yard
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Dec 03, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated January 27, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,874,000
Min list price:
$899,000
Max list price:
$3,300,000
Avg days on market:
50
Min days on market:
8
Max days on market:
188
Avg price per sq.ft.:
$515.79
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706