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Chuck Bennett

info@nelsonproperty.com +1(778) 671-0969

$ 999,900

Est. payment -/mo

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2240 35 Street SW Calgary, AB T3E2X8

4 Beds

2 Baths

1,125 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,125 sqft

Price per Sqft $888

Subdivision Killarney/Glengarry

MLS® Listing ID A2254308

Style Bungalow

Bedrooms 4

Year Built 1952

Lot Size 5,997 Sqft

Acres 5997.0

Property Sub-Type Freehold

Source Calgary Real Estate Board

Property Description

See VIDEO! Attention developers, investors, and visionaries—this is the opportunity you've been waiting for. Welcome to 2240 35 Street SW, a rare 50 ft × 120 ft CORNER lot in the heart of Killarney, one of Calgary's most desirable and fastest-growing inner-city communities. Priced at just $999,900, this property combines location, zoning, and long-term potential into a package that is truly unmatched.Currently home to a classic bungalow property (handyman special and being sold AS-IS), the real value here lies in the land and the endless possibilities it offers. With R-CG zoning already in place, you could build up to 4 townhouses, each with its own legal basement suite, subject to City of Calgary permits and approval. That's a potential of up to 8 doors total—ideal for creating a profitable multi-family rental portfolio, selling individual townhouses, or holding as a long-term asset under CMHC's MLI Select program, which offers 75–95% financing with amortizations of up to 50 years for qualifying projects.Neighbourhood demand is strong. New townhouses in Killarney have recently been selling in the low- to mid-$800s each. With multiple units plus additional suite income, this lot presents a compelling opportunity for future development. Buyers are encouraged to complete their own due diligence to confirm resale values, rental potential, and project viability.**Why Killarney? This vibrant community is minutes from downtown and offers everything today's buyers and renters are looking for. You can walk to shops, cafés, and restaurants along 17th Avenue and Marda Loop, enjoy convenient daily amenities at Westbrook Mall and surrounding shops, and benefit from quick access to Westbrook C-Train Station, Bow Trail, and Crowchild Trail for effortless commuting. Lifestyle amenities nearby include the Killarney Aquatic & Recreation Centre, Shaganappi Point Golf Course with its skyline views, and numerous parks and schools.This lot's corner exposure provides superior desi gn flexibility and curb appeal for future builds, while its established location ensures strong resale and rental demand. Adding to its appeal, the property backs onto a paved alley—a practical upgrade over gravel lanes that enhances access, cleanliness, and future garage design.Whether you choose to redevelop immediately or hold for the future, this property represents a secure, high-potential investment in one of Calgary's most attractive inner-city districts. Opportunities like this are rare. 2240 35 Street SW is more than just a piece of land—it's the foundation for your next successful project. (id:24570)

Location

Province AB

Rooms

Kitchen 1.0

Extra Room 1 Basement 15.17 Ft x 9.58 Ft Dining room

Extra Room 2 Basement 11.92 Ft x 7.92 Ft Other

Extra Room 3 Basement 18.50 Ft x 14.92 Ft Family room

Extra Room 4 Basement 12.17 Ft x 9.17 Ft Bedroom

Extra Room 5 Basement 12.33 Ft x 11.75 Ft Other

Extra Room 6 Basement 11.83 Ft x 6.75 Ft 4pc Bathroom

Interior

Heating Forced air, Hot Water,

Cooling None

Flooring Carpeted, Linoleum

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Not fenced

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Virtual Tour https://youtube.com/shorts/wTH-JGUgkWI

Listed by RE/MAX First

Chuck Bennett

Managing Broker

+1(778) 671-0969

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Chuck Bennett

2240 35 Street SW Calgary, AB T3E2X8

Key Details

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Rooms

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2240 35 Street SW