Airdrie, AB T4B1R4,516 2 AVE NE
Airdrie, AB T4B1R4,516 2 AVE NE
Airdrie, AB T4B1R4,516 2 AVE NE
22
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$485,000
Est. payment /mo
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3 Beds
2 Baths
1,078 SqFt
New

516 2 AVE NE Airdrie, AB T4B1R4

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1078.0

Square Footage 1,078 sqft

Price per Sqft $449

Subdivision Old Town

MLS Listing ID A2278819

Style Bungalow

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1970

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Detached

Property Description

INVESTOERS ALERT!!!! Welcome to Old Town Airdrie—a prime location adjacent to the Service Commercial District (CS) that offers real opportunity for developers and savvy buyers. This property sits on a 75 x 120ft lot that could be used in a multitude of different ways for future development, or kept intact as a move-in ready home with a live/work setup. The current improvements consist of a fully developed 1,078 sq ft air-conditioned bungalow that has been extensively upgraded inside and out. On the main level you'll find two bedrooms with California closets, a large office/den with built-in shelving, and an open-concept kitchen and dining area featuring, SS appliances, a gas stove & granite countertops and a breakfast bar. The front entrance opens to a bright living room with a fully operational brick fireplace and gas lighter, adding both ambiance and warmth. The master bedroom opens directly onto a huge deck, perfect for outdoor entertaining. The main level also includes a fully updated four-piece bath.

The lower level is fully developed with an additional bedroom, a three-piece bath, laundry, and a spacious games or family room that includes an efficient firebox-style insert for cozy winter nights. Parking is ample, with space for six vehicles and an oversized single-car garage/shop that provides flexible space for a home office, studio, or small business operations. This is a rare blend of residential comfort with instant live/work potential in a walkable, revitalizing neighborhood.

From an investment perspective, the property's CS zoning and subdivision potential into three lots offer multiple exit strategies: you can subdivide for sale as individual parcels, assemble for a larger development, or maintain a single-site live/work configuration with ongoing cash flow. Old Town Airdrie benefits from high visibility and easy access to major corridors, services, and amenities, making it attractive for both tenants and buyers seeking convenience and character. The neighborhood offers a mix of local shops, dining, parks, schools, and transit options that support sustained demand for versatile spaces. Note - some of the pictures are virtually staged.

Location

Province AB

Community Park, Playground, Schools Nearby, Shopping Nearby, Street Lights

Zoning R1-V

Direction NE

Rooms

Basement None, Full, Finished

Interior

Interior Features Bookcases

Heating Forced Air, Natural Gas, Wood

Cooling Central Air

Flooring Carpet, Hardwood, Laminate, Linoleum

Fireplaces Number 2

Fireplaces Type Wood Burning

Inclusions none

Fireplace Yes

Appliance Central Air Conditioner, Dishwasher, Gas Stove, Humidifier, Range Hood, Refrigerator, Window Coverings

Laundry None

Exterior

Exterior Feature Fire Pit

Parking Features Carport, Single Garage Detached

Garage Spaces 1.0

Fence Fenced

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Street Lights

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 5

Garage Yes

Building

Lot Description Back Lane, Landscaped, Level, Private, Rectangular Lot

Dwelling Type House

Faces S

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Restrictions None Known


Listed by CIR Realty

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Reilly Nicholls

Reilly Nicholls

Owner | REALTOR®

+1(403) 701-0338

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516 2 AVE NE