531, 533, 535 24 Avenue NW, Calgary, AB T2M1X4

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 3,000,000

Est. payment | -/mo

3,673 SqFt

Save

$ 3,000,000

Est. payment | -/mo

Save

3,673 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 3,673 sqft

Price per Sqft $816

Subdivision Mount Pleasant

MLS® Listing ID A2188877

Originating Board Calgary Real Estate Board

Year Built 1947

Lot Size 0.413 Acres

Acres 18000.0

Property Sub-Type Freehold

Property Description

Attention DEVELOPERS & INVESTORS this is a prime, inner city, Mount Pleasant land assemblage - redevelopment site with MC-2 zoning. RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot depth, approximately 18,000 sqft lot size or 0.41 ACRES. NOTE: Building area as shown is the combined RMS measurements of existing structures. 531 must be purchased together with 535 & 533 24th Avenue NW. Being sold for land assemblage value. See supplements for 2023 commercial land assemblage - property appraisal for $3.17 million. Please also see supplements for PROPOSED / PENDING development plans for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units with 1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report. MC2 is one of the highest medium-density zoning with tremendous flexibility to build a commercial multi-family 4-5 storey apartment building - maximum height of 16.0 metres or 52.49 feet with City of Calgary approval. There is also potential with the City of Calgary approval to rezone to build even more units with 2 levels of underground parking and potential commercial retail units (CRU's) at grade. Prime location within sought after NW community of Mount Pleasant. Properties are located within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, and the trendy shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children's Hospital & Foothills Hospital. Fantastic inner-city location, close to Downtown Calgary. This is an incredible opportunity to either develop the proposed multi-family development plans or bring your own vision for a dynamic multi-family project to life catering to Calgary's growing demand for housing or for a savvy INVESTOR to buy and hold these inner-city Calgary properties with solid revenue gener ation for future redevelopment. See supplements for the rental income that these side-by-side properties currently generate. 531 24th Avenue NW (built 1947) is a 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite. 535 & 533 24th Avenue NW (built 1950) is a bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite all in good condition.Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Private Pool No

Others

Ownership Freehold

Listed by Century 21 Bravo Realty

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

531, 533, 535 24 Avenue NW Calgary, AB T2M1X4