pillar/IMG-A2194894_1.jpg
8 days on Market

2204 24 Ave, Calgary, Alberta T2M 1Z7

Detached
3 + 1
2
~1258.41 sqft
$849,900
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Detached
3 + 1
2
~1258.41 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$675/sqft

Est. Mortgage$3,650/mo

Tax Amount (2024)$4,261/yr

Days On Market8 days


Description

Investor/Developer Alert! A rare opportunity in the highly sought-after community of Banff Trail! This property presents a prime investment for those looking to hold for redevelopment in a rapidly growing area. The 50x120 ft lot, zoned RC-2, offers unmatched potential for multi-family or custom development. Situated just minutes from downtown Calgary, this location is a developer's dream with easy access to major amenities and key institutions. You’re steps from the University of Calgary, SAIT, North Hill Mall, McMahon Stadium, and renowned medical facilities including Foothills and Children’s Hospitals. The property also offers proximity to parks, the University District, and a range of recreational amenities. Across from Branton Junior High School, and close to Ecole Banff Trail Elementary & William Aberhart High School, the site offers excellent access to public transportation, with both Banff Trail (9-min walk) and Lion's Park (20-min walk) C-train stations nearby. With access to both U of C and SAIT within minutes, this location is ideal for future tenants or buyers seeking easy transit. This 1200 sq. ft. character bungalow is consistently rented, making it a solid income-producing property in the meantime, but its true value lies in the unlimited redevelopment potential offered by the lot size and location. The home includes three spacious bedrooms, a full bathroom, and a lower level with separate access, a second kitchen, bedroom, bathroom, and laundry. A single garage and rear laneway add further development possibilities. With its exceptional location and unmatched redevelopment potential, this is a rare opportunity you don’t want to miss. Schedule your viewing today to explore the future possibilities of this incredible property!


Property Details

StyleBungalow
View-
Age of property1953
SqFt~1258.41 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberA2194894
Community NameBanff Trail
Data SourcePILLAR 9
Listing byRE/MAX First

Features

Heating: Forced Air
Basement: Full,Suite

Basement Floor

Other

8`1" x 4`9"

Dining Room

12`11" x 9`3"

Family Room

12`4" x 12`11"

4pc Bathroom

6`6" x 5`4"


Features

Patio: Porch

Parking

Garage spaces 1

Garage type -

Other parking spaces 0

Total parking spaces 1


Property History

Feb 20, 2025
ListedActive
$849,900
8 days on market
history photo preview17
Listing by pillar®
Property listed by RE/MAX First, Brokerage
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Population and Demographics

Overview

Total population 3247
Average household income $156,041

Age (%)

20 to 34
35%
35 to 49
20%
0 to 19
18%
50 to 64
15%
65 and plus
11%

Household composition (%)

Single family
49%
Single person
34%
Multi person
17%
Multi family
0%

Mother tongue (%)

English
78%
Mandarin
6%
Others
4%
Yue (Cantonese)
3%
Spanish
3%
Tagalog (Pilipino, Filipino)
2%
Arabic
1%

House tenancy (%)

Renters
57%
Owners
43%

Schools and amenities

Estimated Budget