UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,055 sqft
Price per Sqft $402
Subdivision Downtown
MLS® Listing ID A2174816
Style Bungalow
Bedrooms 5
Full Baths 2
Originating Board Fort McMurray
Year Built 1967
Annual Tax Amount $1,911
Tax Year 2024
Lot Size 7,600 Sqft
Acres 0.17
Property Sub-Type Detached
Property Description
Discover an exceptional opportunity with this versatile property, uniquely positioned in a high-traffic, high-visibility downtown location. Zoned for commercial use, this property currently features a residential house with both upstairs and basement suites, along with a double car detached garage. Ideal for entrepreneurial spirits, it offers a flexible setup that allows you to live on-site in the basement while operating your business on the main level, or alternatively, transform the property entirely to suit your vision.
With existing tenants in place, this property generates cash flow from day one, making it a savvy investment while you plan for its future potential. Originally envisioned as part of a larger redevelopment project, individual lots are now available for entrepreneurs to create their own unique business spaces.
The property's prominent corner location is perfect for a range of service-based businesses—whether a nail salon, barber shop, boutique retail, or other ventures looking to capitalize on the visibility and traffic flow. This is more than just a location; it's a foundation for building equity and growing your business footprint in a prime area.
Highlights:
• Zoning: Commercial on a residential structure
• Location: High-traffic downtown corner with excellent visibility
• Current Setup: Upstairs and basement suites, double detached garage
• Investment Potential: Immediate cash flow from existing tenants
• Ideal For: Retail, salon, barber shop, service-based businesses
• Future Development: Opportunity to redevelop or remodel to enhance commercial use
Seize this chance to transition from renting to owning, enhance your business presence, and establish lasting assets in a premier downtown location.
Location
Province AB
County Wood Buffalo
Area Fm Se
Zoning SCL1
Direction NE
Rooms
Basement Separate/Exterior Entry, Finished, Full
Interior
Interior Features See Remarks
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Linoleum, Vinyl
Appliance Dishwasher, Refrigerator, Stove(s), Washer/Dryer
Laundry In Basement
Exterior
Parking Features Concrete Driveway, Parking Pad
Garage Spaces 1.0
Garage Description Concrete Driveway, Parking Pad
Fence Fenced
Community Features Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt
Porch See Remarks
Total Parking Spaces 6
Building
Lot Description Corner Lot, Standard Shaped Lot
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Other,Wood Frame
Others
Restrictions None Known
Tax ID 91954660
Ownership Private
MORTGAGE CALCULATOR
MARKET SNAPSHOT
(MAR 23, 2025 - APR 22, 2025)
MARKET SNAPSHOT
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REVIEWS
- I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
Kiro Seremetkoski - Definitely will recommend to those who is looking for their new home.Jeric Salazar
- Erica Salazar
Our Team
1301 8th Street SW, Calgary, AB, Canada