Land with Building(s) For Sale in Calgary, AB
1505 & 1511 21 Ave S.W.
M-C2 Development Downtown(30unit) with 5Plex+House
Bankview Development Site adjacent to Downtown Calgary and Mt. Royal communities. New development will enjoy fantastic unobstructed VIEW OF DOWNTOWN & CALGARY TOWER from the 3rd to 5/6th story.
Four x 25ft lots total, with ~ 100 x 107 ft. Total Site Area: 10,663 sq.ft. ZONING M-C2 - Multi-Residential - Contextual Medium Profile with FAR 2.5 and 16m height allows up to 5 story build with +/- 30 UNITS depending on unit size within the ~26,658 sq.ft. of developable area. Build a long term rental or condo multi-family building. EXAMPLE: with 30 x 800 sq.ft. units @ $450k ea. = $13,500,000 REDEVELOPMENT POTENTIAL.
Current rental income 1912 double brick renovated Victorian 1&1/2 story house with detached garage and greenhouse + 1960s 2 ½ storey 5-plex (4x900 sq ft 2 beds, 1x600 sq ft 1 bed) to support holding with good rental income. Drive by viewing welcome, please do not disturb tenants.
Street address(s) are 1505 & 1511 - 21 Avenue SW, Calgary, AB - Plan 1696L Lots 12, 13, 14, 15. ~20 MIN WALK TO DOWNTOWN Kirby CTrain (Free Fare Zone) or short drive / bike ride. Excellent development site on quiet 21st avenue near many parks but close connection to major transport arteries like Crowchild trail. Walkable site near Mt. Royal Jr. High School, only a 4 min walk (2 blocks) to Uptown 17th Avenue and 14th Street arts, culture, dining, and other amenities. Seller is 3rd generation Calgarian real estate investor, commission to buyers agent negotiable.
6.00%
Current Variable Rate6.95%
Current Prime RateProperty Features
Listing ID: 374057
Location
Extra Features
Mortgage Calculator
Would you like a mortgage pre-authorization? Make an appointment with a Dominion advisor today!
Book AppointmentPhoto/Video & Virtual Tours
Airdrie, Banff, Bearspaw, Black Diamond, Bragg Creek, Calgary, Canmore, Chestermere, Cochrane, High River
Virtual Tour Calgary Photography
RMS starting at $149, 360 Virtual Tours - Floor Plans - Virtual Staging - Drone
Calgary's Best Real Estate Photography learn moreMontorio Homes
Your Budget - Your Lifestyle - Your Build - Starts Right Here!
We CUSTOM'er Build Every Home! learn moreMortgage & Financing
Devon, Edmonton, Leduc, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Strathcona County, Thorsby
DREAMWEST INVESTMENTS
Start building equity in your dream home today.
Rent to Own with Dreamwest Today! learn moreFMC Holdings Ltd.
We build quality developments and homes with you, the homeowner, in mind.
Innovative Design & Efficient Living learn moreFEATURED SERVICES CANADA
Want to be featured here? Find out how.