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Rare opportunity to own a property with a LEGAL suite in Montgomery, combined with R-CG zoning and exceptional redevelopment potential. This revenue generating property offers a unique opportunity for investors, developers, or homeowners looking to capitalize on both rental income and future development possibilities. This 2+2 bedroom property features a LEGAL basement suite with both levels designed as fully self-contained living spaces. Each level offers 2 bedrooms, a living area, full bathroom, full kitchen with appliances, and separate laundry. The property is currently owner-occupied, but when fully rented, it has the potential to generate over $3,500/month in rental income, making this an excellent option for investors looking for strong holding income while benefiting from the property's future redevelopment potential. The R-CG zoning adds significant flexibility and upside for developers and investors. Depending on plans and approvals, potential redevelopment options may include a 4plex, attached development, or attached homes with legal secondary suites. Situated on a corner lot in an established and desirable location, the property is close to schools, parks, shopping, the Bow River, and major transportation routes. Whether you're looking to live in the property, generate rental income, hold for future redevelopment, or take advantage of the R-CG zoning, this property offers multiple ways to create value.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 9/6/2026 |
|---|---|---|---|
| TRACT | Montgomery | YEAR BUILT | 1955 |
| COUNTY | Calgary | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Cooktop, Dishwasher, Dryer, Range Hood, Refrigerator, Washer |
| BASEMENT | Exterior Entry, Finished, Full, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | None |
| HEAT | Forced Air |
| INTERIOR | Laminate Counters, Storage |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Back Yard, Corner Lot |
| PARKING | Concrete, Driveway |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | Montgomery |
| TAXES | 3989 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KPLI Real Estate Corporation
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.
Data last updated 9/6/26 3:32 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
