Property Details
424 8 Avenue NE
Calgary (A2249892)
Description
Welcome to 424 8 Ave NE, a rare alley-corner lot (4,500 sq. ft.) in the heart of Renfrew! This prime inner-city location, just steps from Edmonton Trail, Crescent Heights, and minutes to downtown, offers incredible potential for both redevelopment and investment income. The property has been well-maintained and successfully operated as a short-term rental, showcasing its strong revenue-generating ability. In 2024 alone, the main floor achieved an impressive 75% occupancy rate with consistent Airbnb bookings, while the basement suite and garage provided additional rental income. Whether you’re looking to hold as an income property, build your dream home, or explore redevelopment opportunities in one of Calgary’s most desirable communities, this property offers the perfect balance of location, potential, and value. Don’t miss this opportunity to secure a highly versatile lot in a thriving inner-city neighborhood.
Property details
- MLS® #
- A2249892
- Property Type:
- Residential
- Subtype:
- Detached
- Subdivision:
- Renfrew
- Price
- $765,000
- Sale/Lease:
- For Sale
- Size:
- 1,084 sq.ft.
- Bedrooms:
- 5
- Bathrooms:
- 2
- Year Built:
- 1941 (84 years old)
- Structure Type:
- House
- Building Style:
- Bungalow
- Garage:
- Yes
- Parking:
- Double Garage Detached
- Fence:
- Partial
- Basement:
- Separate/Exterior Entry, Finished, Full
- Features:
- See Remarks
- Inclusions:
- Basement unit's Washer/dryer
- Appliances:
- Dryer, Microwave, Refrigerator, Washer, Window Coverings
- Laundry:
- In Basement
- Exterior Features:
- Other
- Patio/Porch Features:
- Deck
- Nearby Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
- Lot Size:
- 0.10 acres
- Lot Features:
- Corner Lot
- Zoning:
- M-CG d72
- Roof:
- Asphalt Shingle
- Exterior:
- Stucco,Wood Frame
- Floors:
- Ceramic Tile, Hardwood
- Foundation:
- Poured Concrete
- Heating:
- Forced Air, Natural Gas
- Cooling:
- None
- Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
- Possession:
- 15 Days / Neg,30 Days / Neg,Negotiable
Basic Info
Building Info
Neighborhood Info
Lot / Land Info
Materials & Systems
Listing Info
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.