Our weekly investment tip property lies in one of the most beautiful areas of Calgary — a beautiful large lot backing right onto the Bow River. This existing property was formerly a grow-op and is mostly land value, and it’s sold as-is where-is; however, if you’re able to cope with the conditions, you can get a decent building on very valuable land.
This 1985 two storey residential detached house backs onto the Bow river, with great views from the main floor and master bedroom. It has three bedrooms, a living room, and a dining room, with overall floor space of more than 2500 sq ft. The property boasts a large double garage, hardwood flooring throughout the main floor, oak wainscotting, several built-ins in the living room and dining areas, a floor-to-ceiling fireplace, and an exercise room off the master bedroom.
You’re required to wear mask for a mould hazard and use a flashlight (since there are currently no utilities), but here you have an outstanding opportunity to own a dream property near a river for the excellent price of $650,000.