331 47 Avenue SW

Elboya Calgary T2S 1C1

Prime Opportunity in Highly Sought-After Elboya – Ideal for Redevelopment or Renovation! Located in one of Calgary’s most desirable communities, this 50’ x 120’ lot presents an exceptional opportunity for redevelopment or a stunning renovation. Surrounded by extensively updated homes and brand-new builds, this property is perfect for investors, builders, or homeowners looking to create their dream home. This charming mid-century residence offers solid bones, including original oak hardwood floors (sanded in 2022) and a bright, fully fenced, south-facing backyard with mature trees. The main level features a spacious living and dining area with original ceiling details and large picture windows that flood the space with natural light. The upper floor includes three generously sized bedrooms and a four-piece bathroom—ideal for families. The fully developed basement (unregistered illegal secondary suite DP started) provides additional living space with a large recreation/family room with wood burning stove (currently capped), bar, den, bedroom, kitchen appliances, full bathroom and laundry area. The expansive backyard is fully fenced and includes a large patio, perfect for outdoor entertaining. Recent updates include roof, furnace, and hot water tank (2010). Whether you choose to renovate and modernize or redevelop entirely, this property is a rare find in a prime location—just steps from Elboya School, Stanley Park, the Elbow River, and transit, with Chinook Mall and downtown Calgary only minutes away. Don’t miss this chance to secure a premium lot in a rapidly transforming neighborhood!