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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Ken Rigel

Ken Rigel

Ken Rigel Group

+1(403) 207-1748
$3,000,000
Est. payment /mo
0.41 Acres Lot
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UPDATED:

02/12/2025 06:20 PM

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. Being sold for land assemblage value. See supplements for 2023 commercial land assemblage/ property appraisal for $3.17 million. Fantastic inner-city location, close to Downtown Calgary. 531 must be purchased together with 535 & 533 24th Avenue NW. 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. Note: Building area is the combined RMS measurements of the existing structures on the properties. 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. 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 all in great condition. Please also see supplements for proposed development plans 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. There is 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.
Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase. Building area is the combined RMS measurements of existing structures.

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
agent

Ken Rigel

Team Lead

+1(403) 207-1748

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