516 2 Avenue NE, Airdrie, Alberta T4B1R4

516 2 Avenue NE
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INVESTOERS ALERT!!!! Welcome to Old Town Airdrie—a prime location in 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 neighborh ood 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.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesRefrigerator, Gas stove(s), Dishwasher, Humidifier, Hood Fan, Window Coverings
BasementFinished, Full
Bathrooms Partial0
Bathrooms Total2
Bedrooms Total3
CoolingCentral air conditioning
FireplaceTrue
Fireplaces Total2
FlooringHardwood, Laminate, Carpeted, Linoleum
HeatingForced air, Natural gas, Wood
Living Area1078 sqft

Building & Exterior

Architectural StyleBungalow
Exterior FeaturesBrick, Vinyl siding
Foundation DetailsPoured Concrete
Parking FeaturesDetached Garage, Carport
Stories1.0
Year Built1970

Land & Location

City RegionOld Town
Frontage Length22.8 meters
Lot FeaturesBack lane, Level
Lot Size Area8998.0 sqft
Lot Size Dimensions8998.00
Parcel Number0019183623
Subdivision NameOld Town

Listing & Financials

Listing OfficeCIR Realty
Originating System NameCalgary Real Estate Board

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total5

For Sale

$485,000

516 2 Avenue NE, Airdrie, Alberta T4B1R4

Beds

3

Baths

2

Living Area

1,078 sqft

Lot Size

8,998 sqft

Property Type

House

Year Built

1970

Listing IDA2278819

Location & Map

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516 2 Avenue NE, Airdrie | $485,000 | Lify.ca