5224 32 Avenue NW

Summary: This side-by-side duplex, situated on a single title, presents a premier investment or redevelopment opportunity in the highly sought-after community of Varsity.

Summary: This side-by-side duplex, situated on a single title, presents a premier investment or redevelopment opportunity in the highly sought-after community of Varsity. Located at the legal address of 5224 32 Ave NW, the property includes two municipal addresses: 5222 (Right Side) and 5224 (Left Side, featuring an attached double garage). Land & Location: The property sits on a generous 9,000 sq. ft. lot (75’ frontage x 120’ depth). Its prime location offers effortless access to Market Mall, the Alberta Children’s Hospital, the University of Calgary, Bowmont Park, and major commuter routes including Highway 1 and Stoney Trail. Development Potential: With its substantial lot size and R-C2 zoning context, this property is an ideal candidate for multi-family conversion, such as townhomes, infill developments, or a fourplex. A secondary suite would be subject to approval and permitting by the city/municipality. Secondary Suite Potential: Both sides are well-suited for potential secondary suite applications, with parking criteria already fulfilled. Unit Configuration: With minimal modifications, the property can accommodate four distinct units (approx. 1,000 sq. ft. each), typically featuring 2 bedrooms, 1 bathroom, and spacious living/dining areas. Parking: The lot accommodates up to five parking spaces, including the double garage and three driveway stalls. Current Layouts: 5222 (Right Side): Features 4 bedrooms (2 up/2 down) and 2 bathrooms. Includes a separate basement entrance, large recreation area, laundry room, and kitchen, ideal for an easy two-unit conversion. 5224 (Left Side): Similar layout to 5222, with the added benefit of the attached double garage. Mechanical & Structural Upgrades (Approximate): Roof: 2014. Furnaces: 2010 and 2012. Windows: Select windows replaced in 2014. RPR: A 2015 Real Property Report with City Compliance is available. Please note: The seller cannot guarantee current RPR validity as the backyard fence was replaced in 2020. Terms of Sale: The property is currently vacant and easy to show. The house and all chattels are being sold "As-Is, Where-Is." Please use the specific purchase contract provided in the supplements/documents tab.