House For Sale in Calgary, AB

Fantastic opportunity for developers and investors! A corner lot with M-C1 zoning in Tuxedo Park is highly attractive, especially with the nearly approved Development Permit for a 4-plex with legal suites. With each unit offering 3 bedrooms, 2.5 baths (1800 SF) , plus an additional 1-bedroom, 1-bath legal basement suite (600 SF) , it’s structured to maximize rental income and meet the demand for spacious, multi-family units. Potential rental from each unit is $4000/month

The flexibility with DP drawings and the potential for a joint venture (JV) arrangement makes this even more appealing, as it allows investors or developers to adapt the project to meet market demands or personal preferences. Plus, with all disconnection work done and the lot ready for redevelopment, this project is positioned to move forward smoothly.

This could indeed be a lucrative development in one of the city’s most sought-after neighborhoods (close to SAIT, Downtown, Hospitals & U of Calgary) ,Perfect for creating modern, desirable living spaces. Don’t miss this prime opportunity!

Contact the seller directly at 587-438-2717 or email "[email protected]