Property Description for 424 8 Avenue NE
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.
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Property Details
Property Tax
: N/AMLS® #
: A2249892
Home Features
Property Type
: Single FamilySubdivision
: Renfrew
Interior Features
Heating
: ["Forced Air", "Natural Gas"]Basement
: ["Separate/Exterior Entry", "Finished", "Full"]Flooring
: Ceramic Tile, Hardwood
Exterior Features
Acreage
: 0.10Garage
: YesRoof
: ["Asphalt Shingle"]
Other
Parking Features
: ["Double Garage Detached"]Exterior Features
: ["Other"]
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