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531, 535 & 533 24 Avenue Nw Calgary, Alberta T2M 1X4

3673 sqft

$3,200,000

Attention Builders & Investors - prime, inner city, Mount Pleasant redevelopment Site with MC-2 zoning. Don't miss this RARE OPPORTUNITY to purchase these revenue-generating side-by-side properties, including lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot length, 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. Huge multi-family residential redevelopment opportunity. South-facing backyards. MC2 is one of the highest medium-density zonings with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. There is a proposed development plan, land survey, geotechnical report, and ESA report for the proposed development of 49 units and 1 level of parking available to view in the supplements, along with a recent property appraisal $3.17 million (2023). Potential with City of Calgary approval for new owner to rezone to build even more ie. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. Note: SQFT / Building Area is the combined RMS measurements of existing homes as follows: 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade with 1 legal & 2 illegal suites, all in great condition. The main floor legal suite is 1470 sqft with hardwood floors, 2 bedrooms, a 5-piece bathroom , and a wood-burning fireplace. The upper level illegal suite is 1100 sq ft with a living, dining room, 2 bedrooms, and a den with a private entrance. The lower level illegal suite is 975 sqft, also with a separate entrance. 535 & 533 24th (built 1950) Avenue NW is a renovated bungalow with a legal lower-level suite. Main floor offers 1100 + sqft 2 bedrooms, dining room, living room, kitchen + a 4 piece bathroom. Lower level legal suite wit h a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4 piece bathroom. Please note that the building area total is the combined RMS measurements for the existing properties. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit + new green line, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary. This is an incredible opportunity to develop a multi-family project or hold onto these inner-city Calgary properties with solid revenue generation, buy and hold or redevelop - the possibilities are endless. (id:37074)

Property Details

MLS® Number A2142851
Property Type Multi-family
Community Name Mount Pleasant
Plan 29340
Total Buildings 2

Building

Constructed Date 1947
Size Exterior 3673 Sqft
Size Interior 3673 Sqft
Total Finished Area 3673 Sqft
Type Multi-family

Land

Acreage No
Size Depth 54.86 M
Size Frontage 30.48 M
Size Irregular 18000.00
Size Total 18000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 18000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description M-c2

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