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Prime inner-city redevelopment opportunity in Crescent Heights.Positioned on a just under 60 x 100 lot and zoned M-CGd72 (Multi-Residential – Contextual Ground Oriented), this property offers exceptional potential for townhomes or a fourplex style development (City of Calgary confirmation required) in one of Calgary’s most sought-after infill communities.M-CG is specifically designed to support ground-oriented multi-residential projects that align with the character of established neighbourhoods — making this an ideal site for builders looking to deliver high-demand product in a proven location.Currently situated on the lot are two connected homes plus a detached garage. A couple of existing tenants provide income to help offset holding costs while development plans are finalized. Whether you choose to hold short-term or move quickly toward redevelopment, the flexibility is there.The location speaks for itself. Just off 16th Avenue and Centre Street NE, this site offers quick access to downtown, major transit corridors, restaurants, retail, and amenities. Crescent Heights continues to see strong buyer demand driven by walkability, skyline proximity, and ongoing area revitalization.This is the type of parcel that rarely becomes available — multi-residential zoning already in place, eliminating much of the uncertainty developers often face.For experienced infill builders/multi-family this represents a strategic acquisition:• Established inner-city neighbourhood• Multi-residential zoning in place• Revenue-generating holding property• Strong resale demand for ground-oriented productOpportunities like this are becoming increasingly scarce in Crescent Heights.Secure the land. Design the vision. Build what the market wants. (id:37074)
| MLS® Number | A2288649 |
| Property Type | Multi-family |
| Neigbourhood | Crescent Heights |
| Community Name | Crescent Heights |
| Parking Space Total | 2 |
| Plan | 3946n |
| Appliances | See Remarks |
| Architectural Style | Bungalow |
| Constructed Date | 1912 |
| Construction Style Attachment | Attached |
| Stories Total | 1 |
| Size Interior | 990 Ft2 |
| Total Finished Area | 990 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Depth | 30.48 M |
| Size Frontage | 18.14 M |
| Size Irregular | 552.00 |
| Size Total | 552 M2|4,051 - 7,250 Sqft |
| Size Total Text | 552 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-cg D72 |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
