For Sale: 3604 Parkhill Street SW, Calgary, AB - REW
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$1,400,000
4 bd • 2 ba • 1270 sf • House
3604 Parkhill Street SW
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$1,400,000
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3604 Parkhill Street SWCalgary, AB, T2S 2Z6

Parkhill
  • 4 Bed
  • 2 Bath
  • 1270 Sqft
  • House

About this home

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.
Listed by: Kevin Beutler, 2% Realty

Home facts and features

Price details
List Price
$1,400,000
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Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
1
Property Type
House
Lot Size
7406 ft²
Frontage
80.98 ft
Year Built
Built in 1957 (69 yrs old)
Style
Bungalow
Heating Type
High Efficiency,Forced Air,Natural Gas
Basement Details
Full
Features
Back Yard, Built-in Features, Corner Lot, Electric, Few Trees, Fire Pit, In Basement, Landscaped, Laundry Room, Natural Woodwork, Park, Private, Private Entrance, Private Yard, Schools Nearby, Separate Entrance, Sidewalks, Street Lighting, Street Lights, Walking/bike Paths
Amenities
Playground, Shopping Nearby, Storage
Appliances
Built-in Oven, Dishwasher, Dryer, Electric Cooktop, Garage Control(s), Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
2% Realty
Listing details
Days on REW
27 Days
Property Views
17
MLS® Number
A2310656
Source
Pillar 9
Board
Calgary Real Estate Board
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Property Insights

Rideau Park School
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Montessori School Of Calgary
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Our Lady Of Lourdes School
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Earl Grey School
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St. Mary's High School
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St. Monica School
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Janus Academy
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Ramsay School
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William Reid School
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Western Canada High School
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Kevin Beutler
Phone:
(403) 681-1324
Office:
403-606-3500
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