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An exceptional opportunity to secure a DP-approved, shovel-ready multi-family development site in Calgary’s desirable southwest. Approved for 11 units, this thoughtfully designed project includes 5 spacious three-bedroom, 2.5-bath above-grade units, 1 two-bedroom above-grade unit, 3 legal two-bedroom basement suites, and 2 one-bedroom basement suites—a highly efficient unit mix tailored for strong rental income and long-term investment performance.Positioned on a quiet, tree-lined street with rear lane access, the lot offers excellent frontage and depth—ideal for maximizing build efficiency and overall project returns. Located in a rapidly evolving inner-city pocket, the area continues to attract developers and investors due to its proximity to downtown, major transportation routes, schools, and everyday amenities.With the Development Permit already secured, a buyer can significantly reduce entitlement risk and timelines, creating a clear path to construction in an increasingly complex approval environment. This is a key advantage for builders and investors looking to deploy capital quickly and efficiently.The existing bungalow offers approximately 1,100+ sq ft above grade, providing holding income potential to help offset carrying costs during the planning or pre-construction phase.Surrounded by ongoing infill and multi-family development, this location continues to see strong demand from both tenants and end users, reinforcing strong long-term fundamentals and exit potential.A rare opportunity to acquire a high-yield, inner-city development site with approvals in place—build now or hold for future upside. (id:37074)
| MLS® Number | A2302274 |
| Property Type | Single Family |
| Neigbourhood | Rutland Park |
| Community Name | Rutland Park |
| Amenities Near By | Schools, Shopping |
| Features | See Remarks |
| Parking Space Total | 3 |
| Plan | 199gm |
| Structure | None |
| None |
| Bathroom Total | 1 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1953 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Wood Siding |
| Flooring Type | Hardwood |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,092 Ft2 |
| Total Finished Area | 1092.17 Sqft |
| Type | House |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 4pc Bathroom | 9.08 Ft x 4.92 Ft | ||
| Main Level | Bedroom | 10.08 Ft x 12.50 Ft | ||
| Main Level | Bedroom | 10.08 Ft x 11.33 Ft | ||
| Main Level | Dining Room | 9.67 Ft x 9.50 Ft | ||
| Main Level | Kitchen | 9.25 Ft x 15.00 Ft | ||
| Main Level | Living Room | 13.58 Ft x 16.50 Ft | ||
| Main Level | Primary Bedroom | 10.75 Ft x 13.58 Ft |
| Acreage | No |
| Fence Type | Not Fenced |
| Land Amenities | Schools, Shopping |
| Size Depth | 18.74 M |
| Size Frontage | 6.57 M |
| Size Irregular | 881.00 |
| Size Total | 881 M2|7,251 - 10,889 Sqft |
| Size Total Text | 881 M2|7,251 - 10,889 Sqft |
| Zoning Description | R-cg |
When you contact Maverick Group, the best realtors in Airdrie, you will know that you are working with an agent and team who focuses on you and your needs. We will be with you every step of the way. From buying and selling to rental properties and relocation, we deliver results in the Airdrie real estate market and are ready to assist you with all of your real estate needs.
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.
