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Affordable Calgary Homes for Sale Under $500,000 Calgary Homes for Sale Under $500,000

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Calgary homes for sale under $500,000-Calgary properties under $500KDouglasdale/Glen
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1123 8 Street SE
Ramsay Calgary T2G 2Z6

$1,695,000
Land

Main Photo: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 1: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 2: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 3: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 4: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 5: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 6: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 7: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 8: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Status:
Active
Prop. Type:
Land
MLS® Num:
A2209327
An exceptional opportunity to secure a well-located development site in one of Calgary’s most dynamic and evolving inner-city neighborhoods. Positioned at 1123/1125 8 Street SE, this parcel offers the rare advantage of newly approved HGO zoning (Housing – Grade-Oriented), with a preliminary design concept in place for a 28-unit multi-family project. The architect has advised that development approval drawings could be prepared very quickly to allow for a quick submission to the City for approval. Meetings with city planning have been completed and the department is in support of an application for the proposed development. The site is just under 10,000 sqft. total and offers street access from the front and back of the property. 8 Street to the East and Maggie Street to the West. The proposed development is thoughtfully designed by a long-time Ramsay resident and architect, incorporating key elements of the community’s character and historic charm. The vision respects the area's roots while offering a modern housing solution that aligns with the future of inner-city living and affordable housing options. This site is ideally located just steps from Red’s Diner and within easy walking distance to Stampede Park, the expanding BMO Centre, and Calgary’s exciting Culture and Entertainment District — including the upcoming SAM Centre and all the energy of the Inglewood retail and nightlife corridor. Whether for future tenants or owners, this location offers unbeatable urban connectivity paired with a vibrant community setting. Ramsay is a neighborhood in transition — seeing ongoing public and private reinvestment, including new housing, infrastructure upgrades, and streetscape improvements. The area is maturing gracefully, with careful additions that aim to maintain the neighborhood’s unique character while supporting its long-term growth. With potential alignment for CMHC’s MLI Select program, this project offers developers a chance to pursue enhanced financing options, including longer amortizations and reduced debt service requirements, while contributing to Calgary’s much-needed rental housing supply. Whether you’re an experienced developer or a builder looking for your next signature project, this property delivers location, community, design potential, and long-term upside
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lot Area:
9,900 sq. ft.
Lot Frontage:
66'
Lot Details:
Two properties included 66'x148
Bathrooms:
- (Full:-, Half:-)
Plan:
A2
Ensuite:
No
Water Supply:
Public
Utilities:
Cable Internet Access, Electricity at Lot Line
Garage:
0
Ramsay
none
Building Design Size
Title to Land:
Fee Simple
Lot Features:
Interior Lot, No Neighbours Behind, Paved, Rectangular Lot, See Remarks, Sloped Down
Num. of Parcels:
1
Outbuildings:
See Remarks, Condemned Residence(s)
Fencing:
Fenced, Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
HGO
Listed Date:
Apr 09, 2025
  • Photo 1: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 1 of 8
  • Photo 2: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Ramsay and area
  • Photo 3: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 3 of 8
  • Photo 4: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 4 of 8
  • Photo 5: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 5 of 8
  • Photo 6: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 6 of 8
  • Photo 7: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 7 of 8
  • Photo 8: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Frontage
Larger map options:
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Listed by D.C. & Associates Realty
Data was last updated April 22, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
77
Avg list price:
$1,199,900
Min list price:
$425,000
Max list price:
$16,757,850
Avg days on market:
83
Min days on market:
1
Max days on market:
2,821
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
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DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.