- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- A2142851
- Build. Type:
- See Remarks
- Photos (35)
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Attention Builders & Investors - prime, inner city, Mount Pleasant redevelopment Site with MC-2 zoning. Don't miss this RARE OPPORTUNITY to purchase these revenue-generating side-by-side properties, including lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot length, 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# 0019928655) 24th Avenue NW must be purchased together. Huge multi-family residential redevelopment opportunity. South-facing backyards. MC2 is one of the highest medium-density zonings with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. There is a proposed development plan, land survey, geotechnical report, and ESA report for the proposed development of 49 units and 1 level of parking available to view in the supplements, along with a recent property appraisal $3.17 million (2023). Potential with City of Calgary approval for new owner to rezone to build even more ie. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade.
531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade—3 suites (including 2 illegal suites), all in great condition. The main floor suite is 1470 sqft with hardwood floors, 2 bedrooms, a 5-piece bathroom , and a wood-burning fireplace. The upper level suite is 1100 sq ft with a living, dining room, 2 bedrooms, and a den with a private entrance. The lower level suite is 975 sqft, also with a separate entrance.
535 & 533 24th (built 1950) Avenue NW is a renovated bungalow with a legalized lower-level suite. Main floor offers 1100 + sqft 2 bedrooms, dining room, living room, kitchen + a 4 piece bathroom. Lower level suite with a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4 piece bathroom.
Please note that the building area total is the combined RMS measurements for the existing properties. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase.
Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit + new green line, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary. This is an incredible opportunity to develop a multi-family project or hold onto these inner-city Calgary properties with solid revenue generation, buy and hold or redevelop - the possibilities are endless.
- 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 - proximity to Downtown Calgary - 100' frontage by 180' deep approx. 18000 sqft
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Aerial view of properties - 100' frontage by 180' deep approx. 18000 sqft
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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 + 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 of properties - proximity to Downtown Calgary
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Aerial view + 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
Larger map options:
Listed by Century 21 Bravo Realty
Data was last updated June 29, 2024 at 06:05 AM (UTC)
- Robert Hinsperger
- Urban Real Estate Services Ltd.
- 1 (403) 860-2107
- roberthinsperger@gmail.com
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