AB > Calgary > Mount Pleasant
Calgary, AB T2M 1X4,531, 533, 535 24 AVE NW
Calgary, AB T2M 1X4,531, 533, 535 24 AVE NW
Calgary, AB T2M 1X4,531, 533, 535 24 AVE NW
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Ahmed Arshad

Ahmed Arshad

RE/MAX iREALTY INNOVATIONS

+1(403) 399-2170
$3,000,000
Est. payment /mo
0.41 Acres Lot
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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Mount Pleasant

MLS® Listing ID A2188877

Originating Board Calgary

Year Built 1947

Annual Tax Amount $11,012

Tax Year 2024

Lot Size 0.413 Acres

Acres 0.41

Lot Dimensions 100 X 180 SQFT

Property Sub-Type Multi Family

Property Description

Attention DEVELOPERS & INVESTORS this is a prime, inner city, Mount Pleasant land assemblage - redevelopment site with MC-2 zoning. 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. NOTE: Building area as shown is the combined RMS measurements of existing structures. 531 must be purchased together with 535 & 533 24th Avenue NW. Being sold for land assemblage value. See supplements for 2023 commercial land assemblage - property appraisal for $3.17 million. Please also see supplements for PROPOSED / PENDING development plans for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units with 1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report. MC2 is one of the highest medium-density zoning with tremendous flexibility to build a commercial multi-family 4-5 storey apartment building - maximum height of 16.0 metres or 52.49 feet with City of Calgary approval. There is also potential with the City of Calgary approval to rezone to build even more units with 2 levels of underground parking and potential commercial retail units (CRU's) at grade. Prime location within sought after NW community of Mount Pleasant. Properties are located within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, and the trendy shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children's Hospital & Foothills Hospital. Fantastic inner-city location, close to Downtown Calgary. This is an incredible opportunity to either develop the proposed multi-family development plans or bring your own vision for a dynamic multi-family project to life catering to Calgary's growing demand for housing or for a savvy INVESTOR to buy and hold these inner-city Calgary properties with solid revenue generation for future redevelopment. See supplements for the rental income that these side-by-side properties currently generate. 531 24th Avenue NW (built 1947) is a 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite. 535 & 533 24th Avenue NW (built 1950) is a bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite all in good condition.
Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning M-C2

Interior

Inclusions 535 / 533 - 24th Avenue NW - Dishwasher Built-In (2x), Washer & Dryer (1x), Washer/Dryer Stacked (1x), Hood Fan (2x), Refrigerator (2x), Stove-Electric (2x) Storage Shed, Window Coverings 531 24th Avenue NW - Dishwasher Built-In(2x), Washer & Dryer (1x), Electric Stove (2x), Gas Stove (1x), Washer/Dryer Stacked (1x), Window Coverings

Exterior

Lot Frontage 100.0

Building

Lot Description City Lot

Others

Restrictions None Known

Tax ID 95014317

Ownership Private

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Listed by Century 21 Bravo Realty

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  • I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
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Ahmed Arshad
Ahmed Arshad
Realtor

+1(403) 399-2170

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.