531 24th Avenue NW Calgary, AB T2M 1X4

Property Photo: 531 24th Avenue NW AB T2M 1X4

Listing Courtesy of: PILLAR 9 - IDX / Century 21 Bravo Realty / Kathryn Bogala

531 24th Avenue NW Calgary, AB T2M 1X4

Active

$1,500,000

2,564

SQFT

See Similar Listings

Favorite
Hide
Share
- Share
- Link
- 2564sqft,bd,%sbth,MLS®A2188882

See Similar Listings

Description

Attention DEVELOPERS & INVESTORS this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. 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. Being sold for land assemblage value. See supplements for 2023 commercial land / property appraisal $3.17 million. Fantastic inner-city location, close to Downtown Calgary. This property must be purchased together with MLS #A2188884 - 535 & 533 24th Avenue NW. This is an incredible opportunity to either develop the proposed multi-family development plans or bring your own vision for a dynamic multi-family project to life catering to Calgary’s growing demand for housing or for a savvy INVESTOR to buy and hold these inner-city Calgary properties with solid revenue generation for future redevelopment. See supplements for the rental income that these side-by-side properties currently generate. 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. 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 all in great condition. Please also see supplements for proposed development plans 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. There is 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.
Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase.

MLS®:
A2188882

Lot Size
0.41 acres

Type
Multifamily

Year Built
1947

Style
Up/Down, 2 Storey

Listed By

Kathryn Bogala, Century 21 Bravo Realty

Source
PILLAR 9 - IDX
Last checked Jan 22 2025 at 3:50 AM EST

Bathroom Details

Interior Features

Laundry/Utility Room : Multiple Locations
Appliances : Window Coverings
Appliances : Washer/Dryer Stacked
Appliances : Washer/Dryer
Appliances : Gas Stove
Appliances : Electric Stove
Appliances : Dishwasher
See Remarks

Subdivision

Mount Pleasant

Lot Information

Treed
Rectangular Lot
Near Public Transit
Near Golf Course
Street Lighting
Level
Landscaped
Near Shopping Center
Fruit Trees/Shrub(s)
City Lot
Back Yard

Property Features

Fireplace: Total Fireplace(s) : 1 Wood Burning
Foundation: Poured Concrete

Heating and Cooling

Natural Gas
Central Air

Basement Information

Suite
Full
Finished
Separate/Exterior Entry

Flooring

Hardwood

Exterior Features

Roof: Asphalt Shingle

Garage

Double Garage Detached

Parking

Garage Faces Rear
Parking Space(s) : 2

Stories

Living Area

2,564 sqft

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Jan 21, 2025

Price Changed

$1,500,000

-50%

-1,500,000

Disclaimer: 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.
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.

CENTURY 21 B.J. Roth Realty Ltd. Brokerage

INFO & SERVICES

355 Bayfield Street, Barrie, ON L4M3C3

(705) 721-9111

Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.