New property listed in Tuxedo Park, Calgary

Perfect location for future inner-city development. Located 1 block west of Centre St and the proposed LRT line, this 50 x 120 corner lot is a prime candidate for rezoning to R-CG which allows the development of a 4-unit complex. Alternatively, you could do a more conventional S x S or 2 detached infills with the potential of walkout basements. The current building is fully rented with a large 1,269 sq foot 3-bedroom unit on the main that features an enormous deck. There is a 1-bedroom illegal walkout basement suite as well as a triple attached garage. Current rent is 2k/mth with tenants paying the utilities. Listing Realtor has an interest in the property.