Calgary, AB T2M1X4 535, 533 24th Avenue NW
$3,200,000
30 more
Presented By: Century 21 Bravo Realty
Home Details
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 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.
Presented By: Century 21 Bravo Realty
Interior Features for 535, 533 24th Avenue NW
Other Interior Features
Laundry FeaturesMultiple Locations
Main Level Finished Area1100.00
Main Level Finished Area Metres102.19
Main Level Finished Area SF1100.00
Main Level Finished Area Srch Sq1100.00
BasementSeparate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
Below Grade Finished Area975.00
EnsuiteNo
FlooringCarpet, Ceramic Tile, Laminate
Interior FeaturesSee Remarks
Main Level AreasSquareFeet
Total Stories1
General for 535, 533 24th Avenue NW
Architctural StyleBungalow, Up/Down
Community FeaturesGolf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Construction MaterialsStucco, Wood Frame, Wood Siding
DistrictCAL Zone CC
HeatingForced Air, Natural Gas
Parking Total8
Property SubTypeFull Duplex
Property TypeMulti-Family
Public RemarksAttention 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 co
RoofAsphalt Shingle
Structure TypeDuplex
Subdivision NameMount Pleasant
Transaction TypeFor Sale
ZoningM-C2
Exterior for 535, 533 24th Avenue NW
Exterior FeaturesPrivate Yard
FencingFenced
Foundation Poured Concrete
Frontage Length30.48M 100`0
Garage Y/NYes
Inclusions2nd built in dishwasher, 2 hood fans, 2nd refrigerator, 2nd electric stove
Lot FeaturesBack Yard, City Lot, Fruit Trees/Shrub(s), Near Shopping Center, Landscaped, Level, Many Trees, Street Lighting, Near Golf Course, Near Public Transit, Rectangular Lot
Lot Size Acres0.41
Lot Size Dimensions100 x 180
Parking FeaturesDouble Garage Detached, Driveway, Garage Faces Rear, Oversized
Additional Details
Crystal Adamo
Sales Representative