1100 sqft
Bungalow
Forced Air
Fruit Trees, Landscaped
$3,200,000
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 / Build ing 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 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 + illegal upper-level suite(s) + 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. (id:36938)
Property Details
MLS® Number
|
A2143418 |
Property Type
|
Multi-family |
Community Name
|
Mount Pleasant |
AmenitiesNearBy
|
Golf Course, Park, Playground, Recreation Nearby, Schools, Shopping |
CommunityFeatures
|
Golf Course Development |
Features
|
See Remarks, Level |
ParkingSpaceTotal
|
8 |
Plan
|
29340 |
TotalBuildings
|
2 |
Building
Appliances
|
Refrigerator, Dishwasher, Stove, Window Coverings, Washer/dryer Stack-up |
ArchitecturalStyle
|
Bungalow |
BasementDevelopment
|
Finished |
BasementFeatures
|
Separate Entrance, Walk-up, Suite |
BasementType
|
Full (finished) |
ConstructedDate
|
1950 |
ConstructionMaterial
|
Wood Frame |
ConstructionStyleAttachment
|
Attached |
ExteriorFinish
|
Stucco, Wood Siding |
FlooringType
|
Carpeted, Ceramic Tile, Laminate |
FoundationType
|
Poured Concrete |
HeatingFuel
|
Natural Gas |
HeatingType
|
Forced Air |
StoriesTotal
|
1 |
SizeInterior
|
1100 Sqft |
TotalFinishedArea
|
1100 Sqft |
Type
|
Multi-family |
Parking
Detached Garage
|
2 |
Oversize
|
|
Land
Acreage
|
No |
FenceType
|
Fence |
LandAmenities
|
Golf Course, Park, Playground, Recreation Nearby, Schools, Shopping |
LandscapeFeatures
|
Fruit Trees, Landscaped |
SizeDepth
|
54.86 M |
SizeFrontage
|
30.48 M |
SizeIrregular
|
18000.00 |
SizeTotal
|
18000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
SizeTotalText
|
18000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
ZoningDescription
|
M-c2 |
https://www.realtor.ca/real-estate/27073802/535-533-24th-avenue-nw-calgary-mount-pleasant