* Amounts are estimates only. Final payment amounts may vary.
Description
An exceptional opportunity to secure a DP-approved, shovel-ready multi-family development site in Calgary’s desirable southwest. Approved for 11 units, this thoughtfully designed project includes 5 spacious three-bedroom, 2.5-bath above-grade units, 1 two-bedroom above-grade unit, 3 legal two-bedroom basement suites, and 2 one-bedroom basement suites—a highly efficient unit mix tailored for strong rental income and long-term investment performance.
Positioned on a quiet, tree-lined street with rear lane access, the lot offers excellent frontage and depth—ideal for maximizing build efficiency and overall project returns. Located in a rapidly evolving inner-city pocket, the area continues to attract developers and investors due to its proximity to downtown, major transportation routes, schools, and everyday amenities.
With the Development Permit already secured, a buyer can significantly reduce entitlement risk and timelines, creating a clear path to construction in an increasingly complex approval environment. This is a key advantage for builders and investors looking to deploy capital quickly and efficiently.
The existing bungalow offers approximately 1,100+ sq ft above grade, providing holding income potential to help offset carrying costs during the planning or pre-construction phase.
Surrounded by ongoing infill and multi-family development, this location continues to see strong demand from both tenants and end users, reinforcing strong long-term fundamentals and exit potential.
A rare opportunity to acquire a high-yield, inner-city development site with approvals in place—build now or hold for future upside.
Property details
Basic Info
MLS® #
A2302274
Property Type:
Residential
Subtype:
Detached
Subdivision:
Rutland Park
Price
$1,250,000
Sale/Lease:
For Sale
Size:
1,092 sq.ft.
Bedrooms:
3
Bathrooms:
1
Year Built:
1953 (73 years old)
Building Info
Structure Type:
House
Building Style:
2 Storey
Garage:
No
Parking:
None
Basement:
Full
Features:
See Remarks
Inclusions:
SOLD AS IS WHERE IS
Appliances:
Other
Laundry:
In Unit
Exterior Features:
None
Patio/Porch Features:
None
Neighborhood Info
Nearby Amenities:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Lot / Land Info
Lot Size:
0 acres
Lot Features:
Corner Lot
Zoning:
R-CG
Materials & Systems
Roof:
Asphalt
Exterior:
Wood Siding
Floors:
Hardwood
Foundation:
Poured Concrete
Heating:
Forced Air
Cooling:
None
Amenities:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights