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:54406)
| 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 | 1092 Sqft |
| Total Finished Area | 1092.17 Sqft | Type | House |
| None |
| 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 |
| Level | Type | 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 |
