Calgary, AB T2M1X4 531 24th Avenue NW
$3,200,000
31 more
Presented By: Century 21 Bravo Realty
Home Details
Attention Builders & Investors this is a prime, inner city, Mount Pleasant 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 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# 0019928647) 24th Avenue NW must be purchased together. Excellent multi-family residential redevelopment opportunity. There is a proposed development plan for an apartment building comprising of 49 purpose built rental units - 43 - 1 bedroom, 3 - 2 bedroom + 3 - bachelor units with 1 level of underground parking - 41 stalls. See 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 for new owner 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 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. 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 a multi-family project or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing properties are revenue-generating side-by-side properties with South-facing backyards with garage/alley access. Note: Total SQFT / Building Area is the combined RMS measurements of the existing homes. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade with 1 legal & 2 illegal suites, all in great condition. The main floor legal suite is 1470 sqft with hardwood floors, 2 bedrooms, a 5-piece bathroom, and a wood-burning fireplace. The upper-level illegal suite is 1100 sq ft with a living, dining room, 2 bedrooms, and a den with a private entrance. The lower-level illegal suite is 975 sqft, also with a separate entrance. 535 & 533 24th (built 1950) Avenue NW is a renovated bungalow with a legal lower-level suite. Main floor offers 1100 + sqft 2 bedrooms, dining room, living room, kitchen + a 4-piece bathroom. Lower-level legal suite with a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4-piece bathroom. Develop the proposed plan, bring your own vision 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.
Presented By: Century 21 Bravo Realty
Interior Features for 531 24th Avenue NW
Other Interior Features
Fireplace FeaturesWood Burning
Fireplaces Total1
Laundry FeaturesMultiple Locations
Main Level Finished Area1470.00
Main Level Finished Area Metres136.57
Main Level Finished Area SF1470.00
Main Level Finished Area Srch Sq1470.00
BasementSeparate/Exterior Entry, Finished, Full, Suite
Below Grade Finished Area975.00
EnsuiteNo
FlooringHardwood
Interior FeaturesSee Remarks
Main Level AreasSquareFeet
Total Stories2
General for 531 24th Avenue NW
Architctural Style2 Storey, Up/Down
Community FeaturesGolf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Construction MaterialsVinyl Siding, Wood Frame
CoolingCentral Air
DistrictCAL Zone CC
HeatingForced Air, Natural Gas
Parking Total2
Property SubTypeTriplex
Property TypeMulti-Family
Public RemarksAttention Builders & Investors this is a prime, inner city, Mount Pleasant redevelopment site with MC-2 zoning. Don't miss this RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100'
RoofAsphalt Shingle
Structure TypeTriplex
Subdivision NameMount Pleasant
Transaction TypeFor Sale
ZoningM-C2
Exterior for 531 24th Avenue NW
Exterior FeaturesPlayground, Private Entrance, Private Yard
FencingFenced
Foundation Poured Concrete
Frontage Length30.48M 100`0
Garage Y/NYes
Inclusions2nd dishwasher. & 2nd electric stove
Lot FeaturesBack Yard, City Lot, Fruit Trees/Shrub(s), Near Shopping Center, Landscaped, Level, Street Lighting, Near Golf Course, Near Public Transit, Rectangular Lot, Treed
Lot Size Acres0.41
Lot Size Dimensions100 X 180
Parking FeaturesAlley Access, Double Garage Detached, Garage Faces Rear
Additional Details
Crystal Adamo
Sales Representative