535 & 533 24th Avenue NW Calgary

535 & 533 24th Avenue NW, Calgary, Alberta

$3,200,000

  • 1,100 Square Feet

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/MLS A2143394) along with 535 & 533 (Linc#0019928647 /MLS A2143418) 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 underground parking / enough for each unit - available to view in the supplements, along with a recent property appraisal $3.17 million (2023). Potential with City of Calgary approval to rezone and build even more ie. 75+ units with 2 levels of underground parking and potential commercial retail units (CRU's) at grade. 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 with a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4 piece bathroom. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade with a legal sute & 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 w ith a private entrance. The lower level illegal suite is 975 sqft, also with a separate entrance. 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:23309)

  • Listing ID: A2143418
  • Property Type: Multi-family
  • Year Built: 1950

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Details

  • Architectural Style: Bungalow
  • Amenities Nearby: Golf Course, Park, Playground, Recreation Nearby
  • Community Features: Golf Course Development
  • Features: See remarks, Level
  • Ownership: Freehold
  • Parking Spaces: 8
  • Plan: 29340
  • Total Buildings: 2
  • Transaction: For sale
  • Zoning Description: M-C2

Building

  • Appliances: Refrigerator, Dishwasher, Stove, Window Coverings, Washer/Dryer Stack-Up
  • Architectural Style: Bungalow
  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Basement Features: Separate entrance, Walk-up, Suite
  • Constructed Date: 1950
  • Constructed Material: Wood frame
  • Construction Style Attachment: Attached
  • Exterior Finish: Stucco, Wood siding
  • Fireplace Present: False
  • Flooring: Carpeted, Ceramic Tile, Laminate
  • Foundation: Poured Concrete
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1100 sqft
  • Stories Total: 1
  • Total Finished Area: 1100 sqft
  • Type: Multi-Family

Land

  • Amenities: Golf Course, Park, Playground, Recreation Nearby
  • Fence: Fence
  • Landscape Features: Fruit trees, Landscaped
  • Size Frontage: 30.48 m
  • Size Irregular: 18000.00
  • Size Total: 18000 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
MLS®

Listing provided by Century 21 Bravo Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 535 & 533 24th Avenue NW in Calgary Ontario, was last modified on June 24th, 2024. Contact Jonathan Varkey to schedule a viewing or to find other properties for sale in Calgary.

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