12039 220 Street

General property description

Attention Investors & Developers! This prime property is situated within the Lougheed Transit Corridor Area Plan (LTCAP) and is zoned for a 6-plex dwelling. Opportunities like this are rare! Conveniently located within walking distance of schools, transit, and shopping, it offers exceptional accessibility. As part of the City’s Urban Infill Residential program, this property qualifies for up to six units under new provincial housing legislation. No rezoning is required, as Urban Infill Residential is now a permitted use under the Lougheed Transit Corridor Concept. Don’t miss out on this incredible investment opportunity!

Mortgage estimate

Tax from listing

Est. monthly total

$5,140

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$4,510

Property tax

$480

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $195,000 down (20%) on $975,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.