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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.
KPLI Real Estate Corporation · Listing agent Alex Moldovan Balea
MLS®# A2341910 · Last modified 2026-09-06
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All measurements and property details are deemed reliable but are not guaranteed and should be independently verified.
James Hughes, REALTOR® · CIR Realty
| Living Room | Main | 15'7" x 14'1" |
| Kitchen | Main | 13'1" x 10'9" |
| Kitchen | Basement | 9'1" x 7'10" |
| Dining Room | Main | 5'3" x 4'3" |
| Family Room | Basement | 17'11" x 12'0" |
| Laundry | Main | 6'7" x 3'8" |
| Bedroom - Primary | Main | 14'1" x 13'3" |
| Bedroom | Main | 10'9" x 10'1" |
| Bedroom | Basement | 11'8" x 9'7" |
| Bedroom | Basement | 11'7" x 10'3" |
| 4pc Bathroom | Main | 7'7" x 5'0" |
| 3pc Bathroom | Basement | 9'0" x 5'10" |
Measurements deemed reliable but not guaranteed.
Pin placed at the coordinates supplied by the MLS® System.
Estimated monthly payment
$3,655
Down payment: $148,800 · Loan: $595,200
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
