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535, 533 24th Avenue NW in Calgary: Mount Pleasant Full Duplex for sale : MLS®# A2143418

535, 533 24th Avenue NW Calgary T2M 1X4 : Mount Pleasant

$3,200,000
Prop. Type:
Multi-Family
MLS® Num:
A2143418
Status:
Active
Year Built:
1950
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:
Possession Date:
Home Style:
Bungalow, Up/Down
Total Living Area:
Switch units of measure1,100 sq. ft.
Main Level Finished Area:
Switch units of measure1,100 sq. ft.
Lower Level Finished Area:
Switch units of measure
Above Grade Finished Area:
Switch units of measure
Below Grade Finished Area:
Switch units of measure975 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure18,000 sq. ft.
Lot Frontage:
Switch units of measure100'
Lot Details:
100 x 180
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Switch units of measure
Acres Not Cultivated:
Acres Freehold:
Switch units of measure
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Switch units of measure
Reg. Size Includes:
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:
Listed by Century 21 Bravo Realty
Data was last updated December 14, 2024 at 02:05 AM (UTC)
JOHN MALICK
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