535, 533 24th Avenue NW
Calgary
T2M 1X4
$3,200,000
Multi-Family
1,100 sq. ft.
built: 1950
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2143418
- Year Built:
- 1950
- Photos (35)
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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 / Building 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 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 + illegal upper-level suite(s) + 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.
- Property Type:
- Multi-Family
- Property Sub Type:
- Full Duplex
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Home Style:
- Bungalow, Up/Down
- Total Living Area:
- 1,100 sq. ft.
- Main Level Finished Area:
- 1,100 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 975 sq. ft.
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 18,000 sq. ft.
- Lot Frontage:
- 100'
- Lot Details:
- 100 x 180
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Stories Total:
- 1
- Levels:
- One
- Year built:
- 1950 (Age: 74)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 29340
- Heating:
- Forced Air, Natural Gas
- Basement:
- Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
- Foundation:
- Poured Concrete
- Construction Material:
- Stucco, Wood Frame, Wood Siding
- Structure Type:
- Duplex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Ceramic Tile, Laminate
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached, Driveway, Garage Faces Rear, Oversized
- Parking Places:
- 8.0
- Parking Total/Covered:
- 8 / -
- Laundry Features:
- Multiple Locations
- Mount Pleasant (Calgary)
- Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
- 2nd built in dishwasher, 2 hood fans, 2nd refrigerator, 2nd electric stove
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
- Interior Features:
- See Remarks
- Exterior Features:
- Private Yard
- Lot Features:
- Back Yard, City Lot, Fruit Trees/Shrub(s), Near Shopping Center, Landscaped, Many Trees, Street Lighting, Near Golf Course, Near Public Transit, Rectangular Lot, Level
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-C2
- Listed Date:
- Jun 21, 2024
- Days on Mkt:
- Signup
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Aerial view of properties - close proximity to Downtown Calgary -
Aerial view of properties - close proximity to Downtown Calgary
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Aerial view of properties - close proximity to Downtown Calgary
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Aerial view of properties - close proximity to Downtown Calgary
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Aerial view within close proximity to Downtown Calgary
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Front view of 535 & 533 24th Avenue NW
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Aerial view of front of properties
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Front view of 535 & 533 24th Avenue NW
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Front view of 535 & 533 24th Avenue NW
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Aerial view of properties - close proximity to Downtown Calgary
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Proposed 49 unit development
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Mount Pleasant Community
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Mount Pleasant Community
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Aerial view of properties
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Aerial view of properties
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Photo 23 of 35
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Aerial view of properties
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Aerial view of properties
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Aerial view of properties - close proximity to Downtown Calgary
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Aerial view of properties - close proximity to Downtown Calgary
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Aerial view of 531 24th Avenue NW
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View of 531 24th Avenue NW
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Front view of 531 24th Avenue NW
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Front view of 531 24th Avenue NW
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Front view 531 24th Avenue NW
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Front view 531 24th Avenue NW
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Aerial view of properties
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Aerial view within close proximity to Downtown Calgary
Listed by Century 21 Bravo Realty
Data was last updated November 24, 2024 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 20
- Avg list price:
- $1,348,888
- Min list price:
- $258,800
- Max list price:
- $4,300,000
- Avg days on market:
- 56
- Min days on market:
- 6
- Max days on market:
- 176
- Avg price per sq.ft.:
- $529.3
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- PAUL CHOU
- REAL ESTATE CENTRAL [2411 4 ST NW #206]
- 1 (587) 215-0605
- Contact by Email
PAUL CHOU
Contact Information:
PAUL CHOU
5211 4 Street NE
Calgary,
AB,
T2K-6J5
