Apartment Buildings and Land
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- A2142851
- Build. Type:
- See Remarks
- Photos (36)
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Attention developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. Don't miss this RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot depth, approximately 18.000 sqft lot size or 0.41 acres. Fantastic inner-city location, close to Downtown Calgary. Properties 531 (Linc# 0019928655) along with 535 & 533 (Linc# 0019928647) 24th Avenue NW must be purchased together. Proposed development plans are for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report available to view in the supplements, along with a recent commercial property appraisal $3.17 million (2023) of properties in their current state. Also, potential with the City of Calgary approval to rezone to build even more i.e. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. MC2 is one of the highest medium-density zoning with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital.
This is an incredible opportunity to either develop the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase.
Note: Total SQFT / Building Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite along with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor suite + an illegal upper-level suite + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans to life or buy and hold - the possibilities are endless. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase.
- Property Type:
- Commercial
- Property Sub Type:
- Multi Family
- Transaction Type:
- For Sale
- Building Type:
- See Remarks
- Total Building Area:
- 3,673 sq. ft.341.23 m2
- Lot Area:
- 18,000 sq. ft.1,672.25 m2
- Lot Frontage:
- 100'30.48 m
- Lot Details:
- 100 X 180 SQFT
- Year built:
- 1947 (Age: 77)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 29340
- Structure Type:
- Other
- Ensuite:
- No
- Garage:
- 0
- Mount Pleasant (Calgary)
- 535 / 533 - 24th Avenue NW - Dishwasher Built-In (2x),Washer & Dryer (1x), Washer/Dryer Stacked (1x), Hood Fan (2x),Refrigerator (2x),Stove-Electric (2x) Storage Shed, Window Coverings 531 24th Avenue NW - Dishwasher Built-In(2x), Washer & Dryer (1x), Electric Stove (2x), Gas Stove (1x), Washer/Dryer Stacked (1x), Window Coverings
- None Known
- Title to Land:
- Fee Simple
- Lot Features:
- City Lot
- Num. of Parcels:
- 0
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-C2
- Listed Date:
- Jun 19, 2024
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Aerial view of properties + close proximity to Downtown Calgary
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Aerial view of properties + close proximity to Downtown Calgary
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Aerial view of properties + proximity to Downtown Calgary
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Aerial view of properties - proximity to Downtown Calgary - 100' frontage by 180' deep approx. 18000 sqft
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Aerial view of properties - proximity to Downtown Calgary
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Proposed 49 unit deveopment with Downtown Calgary views from upper floors
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Aerial view of properties + proximity to Downtown Calgary
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Aerial view of properties - 100' frontage by 180' deep approx. 18000 sqft
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Aerial view of properties + proximity to Downtown Calgary
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531 Exterior frontview
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531, 533 & 535 exterior front view
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Mount Pleasant Community View
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Aerial view of properties
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Mount Pleasant Community View
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531 front view
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531 exterior front view
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531 exterior front view
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531 exterior front view
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535 & 533 exterior front view
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535 & 533 exterior front view
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535 & 533 exterior front view
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Aerial view of properties & proximity to Downtown Calgary
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Aerial view of properties
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Aerial view of properties
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Aerial view of properties
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Aerial view of properties
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Aerial view of properties
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Aerial views of properties
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Aerial view + proximity to Downtown Calgary
Larger map options:
Listed by Century 21 Bravo Realty
Data was last updated October 18, 2024 at 04:05 AM (UTC)
- Robert Hinsperger
- Urban Real Estate Services Ltd.
- 1 (403) 860-2107
- roberthinsperger@gmail.com
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