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Home AB Greater Calgary Calgary Mount Pleasant
531, 533, 535 24 Avenue NW
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531, 533, 535 24 Avenue NW $3,200,000
Aerial view of properties + close proximity to Downtown Calgary
Aerial view of properties + close proximity to Downtown Calgary
Aerial view of properties + proximity to Downtown Calgary
Aerial view of properties - proximity to Downtown Calgary - 100' frontage by 180' deep approx. 18000 sqft
Aerial view of properties - proximity to Downtown Calgary
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Proposed 49 unit deveopment with Downtown Calgary views from upper floors
Aerial view of properties + proximity to Downtown Calgary
Aerial view of properties - 100' frontage by 180' deep approx. 18000 sqft
Aerial view of properties + proximity to Downtown Calgary
531 Exterior frontview
531, 533 & 535 exterior front view
Mount Pleasant Community View
Aerial view of properties
Mount Pleasant Community View
531 front view
531 exterior front view
531 exterior front view
531 exterior front view
535 & 533 exterior front view
535 & 533 exterior front view
535 & 533 exterior front view
Aerial view of properties & proximity to Downtown Calgary
Aerial view of properties
Aerial view of properties
Aerial view of properties
Aerial view of properties
Aerial view of properties
Aerial views of properties
Aerial view + proximity to Downtown Calgary
$3,200,000
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531, 533, 535 24 Avenue NW
Calgary, Alberta T2M1X4

MLS® Number: A2142851

Listing Description

Attention developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. Don't miss this 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. 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. Proposed development plans are for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report available to view in the supplements, along with a recent commercial property appraisal $3.17 million (2023) of properties in their current state. Also, potential with the City of Calgary approval to rezone to build even more i.e. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. MC2 is one of the highest medium-density zoning with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital. This is an incredible opportunity to either develop the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase. Note: Total SQFT / Build ing Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite along with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor suite + an illegal upper-level suite + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans to life or buy and hold - the possibilities are endless. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. (29213890)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Mount Pleasant
Subdivision Name
Mount Pleasant
Title
Freehold
Land Size
18000 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Built in
1947
Annual Property Taxes
$11,012
Time on REALTOR.ca
137 days

Building

Building Features
Total Buildings
2

Measurements

Square Footage
3673 sqft
Total Finished Area
3673 sqft
Exterior Building Size
3673 sqft

Land

Lot Features
Frontage
30.48 m
Land Depth
54.86 m
Other Property Information
Zoning Description
M-C2
Data provided by: Pillar 9™

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