Property Details

2139, 2143, 2145 50 Avenue SW
Calgary (A2302642)

$3,450,000
9
5
3,925 ft²
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

North Glenmore Park Land Assembly for Sale | 150’ x 138’ Apartment/ Multi Family Development Opportunity in Calgary A rare 150’ x 138’ land assembly in North Glenmore Park, Calgary presents a premier multi-parcel redevelopment opportunity ideally suited for a 5-storey apartment building, subject to city approval. Comprised of three adjacent properties offered together, this site creates a scalable, high-impact development opportunity in one of Calgary’s most desirable inner-city communities. Located in the highly sought-after North Glenmore Park neighbourhood, each parcel measures approximately 50’ x 139’, forming a combined footprint well-suited for mid-rise multifamily development. The flat site topography, corner influence, and south-facing rear exposure support efficient building design, strong unit layouts, and optimal natural light — key drivers for rental performance and long-term asset value. From a developer’s perspective, the configuration and location strongly support a 5-storey purpose-built rental or condominium project, aligning with ongoing demand for inner-city multifamily housing in Calgary. Opportunities to assemble this scale of land in North Glenmore Park are extremely limited, making this a strategic acquisition for developers targeting long-term hold assets or build-to-sell projects. While the existing homes provide holding income potential, the primary value is in the land assembly and its ability to accommodate higher-density redevelopment in a mature, high-demand location surrounded by quality infill and established residential homes. This North Glenmore Park development site benefits from exceptional surrounding amenities that enhance both livability and tenant demand. Central Memorial High School and Altadore School are located nearby, while North Glenmore Park and the Glenmore Reservoir offer year-round recreation including pathways, the Calgary Canoe Club, Calgary Rowing Club, tennis courts, cross-country skiing, skating trails, and picnic areas. Additional nearby amenities include Glenmore Athletic Park and the Glenmore Aquatic Centre, providing strong community infrastructure that supports long-term rental demand. The property is located approximately 8 minutes from downtown Calgary, with direct access via Crowchild Trail and Glenmore Trail, ensuring excellent connectivity for future residents. For developers and investors seeking a Calgary land assembly for a 5-storey apartment building, this offering stands out due to its size, configuration, location, and redevelopment potential. The combination of oversized lots, south-facing exposure, corner positioning, and inner-city proximity creates a rare opportunity to deliver a high-quality multifamily project in one of Calgary’s most established and desirable neighbourhoods.

Property details

Basic Info

MLS® #
A2302642
Property Type:
Residential
Subtype:
Detached
Subdivision:
North Glenmore Park
Price
$3,450,000
Sale/Lease:
For Sale
Size:
3,925 sq.ft.
Bedrooms:
9
Bathrooms:
5
Year Built:
1961 (65 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Double Garage Detached, Off Street, Oversized
Fence:
Fenced
Basement:
Full
Features:
See Remarks, Separate Entrance
Fireplaces:
2
Inclusions:
Appliances and Window Coverings Sold As Is Where Is
Appliances:
See Remarks
Laundry:
In Basement
Exterior Features:
Private Entrance
Patio/Porch Features:
Patio

Neighborhood Info

Nearby Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Lot / Land Info

Lot Size:
0 acres
Lot Features:
Back Lane, Back Yard, Landscaped, Level
Zoning:
R-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Stucco,Wood Frame,Wood Siding
Floors:
Carpet, Linoleum
Foundation:
Poured Concrete
Heating:
Forced Air
Cooling:
None
Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Listing Info

Possession:
Negotiable
Your Realtor
  • Yuri Smith

    Grassroots Realty Group Ltd.
    587-777-7276

    Email

    Ask a question
    • This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Share This Listing
    Share Button
    Related Properties