718 Salisbury Avenue SE

Ramsay Calgary T2G 4J8

This property is adjacent to the landmark view of Calgary - “Scotsman’s Hill”. This unique inner city 50' x 137' CORNER LOT opportunity has a total square footage of 6,850 sf. A illegally suited 1010.12 sf bungalow with 2 bed 1 bath on the main and a bedroom + den and full bath below. The home is currently rented out to two separate month-to-month tenants, the potential estimated market rent altogether is $3,750/per month. Although zoning is R-C2, the city has indicated support for a HGO redesignation during a pre-application meeting. Home is well maintained and would easily generate revenue as you work on plans. This exceptional lot is nearby the most well known ridge in the city and mere minutes away from the Stampede Grounds, brand new Convention Centre, East Village, Inglewood, and the confluence of the Bow and Elbow rivers. Also, walking distance to the projected site of the new arena and under construction LRT green line station(s). Ideally suited for a rezone and redevelopment but will make for a great holding property until then.