535 24 Av Nw

Property Description

Attention builders and investors alike! This is an opportunity of a lifetime. Large and Rare M-C2 commercially zoned inner city lot, lots 23 and 24 combined equal a 9000 SQFT with 50' frontage x 180' depth. Selling for LAND VALUE only. DO NOT disturb tenants/access property. Viewing arranged after an accepted offer. M-C2 and C-COR2 commercial zoning to the East and an M-CG zoned 5 plex to the West. M-C2 zoning is one of the highest - medium density zoning - with huge flexibility to develop your choice of 3-5 level - multi-family, condos, apartments with City of Calgary approval. Conceptual drawings (11 units) attached for reference - possibility for additional units. TURN-KEY freshly renovated bungalow currently on the property with a legalized basement suite - separate entry and address (533 24th Avenue NW). Property is tenant occupied - both suites and garage are currently rented and generating superb rental income. Two sets of appliances included. Don't miss out on this one - possibilities are endless! Located in the coveted inner city community of Mount Pleasant and close to Confederation Park and amenities of 4th Street NW. A quick commute to SAIT/LRT and the shops and restaurants of 16th Avenue and Kensington + Downtown Calgary. This property can be either re-developed now or rented and held for future re-development ... the possibilities are endless. You will be hard pressed to find another property in Calgary with a highly rent-able home + equivalent zoning for future re-development at this price point.

House for sale in Calgary located in 535 24 Av Nw , Alberta, T2M1X4, Canada. This House have 3 bedrooms and 2 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in Calgary , see above.

Other Structures: Deck