Robert Hinsperger & Associates

Call Direct: 403.860.2107 |

1505/1511 21 Avenue SW
Bankview Calgary T2T 0M8

$2,980,000
Commercial

Main Photo: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 1: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 2: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 3: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 4: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 5: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Photo 6: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2125887
Build. Type:
Mixed Use
For additional information, please click on the Brochure button below. M-C2 Development Downtown (30+ unit potential) with current 5 Plex & character house. Bankview Development Site adjacent to Downtown Calgary and Mt. Royal communities. New development will enjoy fantastic unobstructed VIEW OF DOWNTOWN & CALGARY TOWER from the 3rd to 5/6th story. Four x 25ft lots total, with ~ 100 x 107 ft. Total Site Area: 10,663 sq.ft. ZONING M-C2 - Multi-Residential - Contextual Medium Profile with FAR 2.5 and 16m height allows up to 5 story build with +/- 30 UNITS depending on unit size within the ~26,658 sq.ft. of developable area. Build a long term rental or condo multi-family building. EXAMPLE: with 30 x 800 sq.ft. units @ $450k ea. = $13,500,000 REDEVELOPMENT POTENTIAL. Current rental income ($93k/year) from 1912 double brick renovated Victorian 1&1/2 story house with detached garage and greenhouse + 1960s 2 ½ storey 5-plex (4x900 sq ft 2 beds, 1x600 sq ft 1 bed) to support holding with good rental income. Drive by viewing welcome, please do not disturb tenants. Street address(s) are 1505 & 1511 - 21 Avenue SW, Calgary, AB - Plan 1696L Lots 12, 13, 14, 15. ~20 MIN WALK TO DOWNTOWN Kirby CTrain (Free Fare Zone) or short drive / bike ride. Excellent development site on quiet 21st avenue near many parks but close connection to major transport arteries like Crowchild trail. Walkable site near Mt. Royal Jr. High School, only a 4 min walk (2 blocks) to Uptown 17th Avenue and 14th Street arts, culture, dining, and other amenities. Some photos are artist renditions for potential use.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Building Type:
Mixed Use
Total Building Area:
1.47 acre(s)
Lot Area:
5,328 sq. ft.
Year built:
1912 (Age: 112)
Bathrooms:
- (Full:-, Half:-)
Plan:
1696L
Structure Type:
Other
Ensuite:
No
Garage:
0
Bankview (Calgary)
n/a
Encroachment
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Apr 24, 2024
  • Photo 1: 1505/1511 21 Avenue SW in Calgary: Bankview Multi Family for sale : MLS®# A2125887
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Listed by Easy List Realty
Data was last updated June 26, 2024 at 12:05 PM (UTC)
Robert Hinsperger

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.