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531 24th Avenue NW
Mount Pleasant
Calgary
T2M 1X4
$3,200,000
Multi-Family
2,565 sq. ft.
built: 1947
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2143394
- Year Built:
- 1947
- Photos (36)
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Attention Builders & Investors this is a prime, inner city, Mount Pleasant 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 length, 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. Excellent multi-family residential redevelopment opportunity. There is a proposed development plan for an apartment building comprising of 49 purpose built rental units - 43 - 1 bedroom, 3 - 2 bedroom + 3 - bachelor units with 1 level of underground parking - 41 stalls. See 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 for new owner 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 zonings 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 a multi-family project or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing properties are revenue-generating side-by-side properties with South-facing backyards with garage/alley access. Note: Total SQFT / Building Area is the combined RMS measurements of the existing homes. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2565 sqft above grade with 1 legal & 2 illegal suites, all in great condition. The main floor legal suite is 1470 sqft with hardwood floors, 2 bedrooms, a 5-piece bathroom, and a wood-burning fireplace. The upper-level illegal suite is 1100 sq ft with a living, dining room, 2 bedrooms, and a den with a private entrance. The lower-level illegal suite is 975 sqft, also with a separate entrance. 535 & 533 24th (built 1950) Avenue NW is a renovated bungalow with a legal lower-level suite. Main floor offers 1100 + sqft 2 bedrooms, dining room, living room, kitchen + a 4-piece bathroom. Lower-level legal suite with a separate entrance offers 1000+ sqft of living area, 1 bedroom, dining room, kitchen, living room + a 4-piece bathroom. Develop the proposed plan, bring your own vision 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:
- Triplex
- Transaction Type:
- For Sale
- Home Style:
- 2 Storey, Up/Down
- Total Living Area:
- 2,565 sq. ft.238.3 m2
- Main Level Finished Area:
- 1,470 sq. ft.136.57 m2
- Upper Level Finished Area:
- 1,100 sq. ft.102.19 m2
- Below Grade Finished Area:
- 975 sq. ft.90.58 m2
- Lot Area:
- 18,000 sq. ft.1,672.25 m2
- Lot Frontage:
- 100'30.48 m
- Lot Details:
- 100 X 180
- Stories Total:
- 2
- Levels:
- Two
- Year built:
- 1947 (Age: 77)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 29340
- Heating:
- Forced Air, Natural Gas
- Basement:
- Separate/Exterior Entry, Finished, Full, Suite
- Foundation:
- Poured Concrete
- Construction Material:
- Vinyl Siding, Wood Frame
- Structure Type:
- Triplex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Hardwood
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Wood Burning
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Alley Access, Double Garage Detached, Garage Faces Rear
- Parking Places:
- 2.0
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- Multiple Locations
- Mount Pleasant (Calgary)
- Dishwasher, Electric Stove, Gas Stove, Washer/Dryer, Washer/Dryer Stacked, Window Coverings
- 2nd dishwasher. & 2nd electric stove
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Interior Features:
- See Remarks
- Exterior Features:
- Playground, Private Entrance, Private Yard
- Lot Features:
- Back Yard, City Lot, Near Shopping Center, Landscaped, Level, Street Lighting, Near Public Transit, Rectangular Lot, Treed, Fruit Trees/Shrub(s), Near Golf Course
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- M-C2
- Listed Date:
- Jun 21, 2024
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Aerial view - close to Downtown Calgary
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Aerial view of properties within close proximity to Downtown Calgary
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Aerial view
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Aerial view of properties within close proximity to Downtown Calgary
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Aerial view of properties
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Front view 531 24th Avenue NW
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Aerial view of front of properties
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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 531 24th Avenue NW
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Front view 531 24th Avenue NW
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Proposed 49 unit redevelopment
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Aerial view of properties within close proximity to Downtown Calgary
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Aerial view of properties
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Aerial view of properties within close proximity to Downtown Calgary
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Aerial view of properties
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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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Aerial view of properties
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Mount Pleasant Community
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Arial view of properties
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Aerial view of properties
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Aerial view of properties
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Aerial view 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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Front view of 535 & 533 24th Avenue NW
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Aerial view of properties
Larger map options:
Listed by Century 21 Bravo Realty
Data was last updated September 28, 2024 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 24
- Avg list price:
- $1,249,000
- Min list price:
- $875,000
- Max list price:
- $3,200,000
- Avg days on market:
- 35
- Min days on market:
- 4
- Max days on market:
- 162
- Avg price per sq.ft.:
- $594.83
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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.