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$ 2,250,000
Est. payment | /mo
1,862 SqFt
$ 2,250,000
Est. payment | /mo
1,862 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,862 sqft
Price per Sqft $1,208
Subdivision Beltline
MLS Listing ID A2310637
Year Built 1911
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Multi Family
Property Description
Outstanding opportunity to acquire a fully assembled,mid-block development site in Calgary's Beltline community. This 9,756 square foot site spans three contiguous lots at 1314,1316,and 1318 15 Avenue SW and is currently zoned CC-MH (Centre City Multi-Residential High Rise District) under Land Use Bylaw 1P2007. This zoning supports a Floor Area Ratio (FAR) of up to 5.0,allowing for substantial future density in one of Calgary's most dynamic and walkable urban neighbourhoods.
The site is rectangular in shape with approximately 75 feet of frontage along 15 Avenue SW and rear lane access,offering strong development efficiency. Located between 12 Street and 14 Street SW,it enjoys immediate access to key commuter routes including 14 Street,17 Avenue,and 12 Avenue SW,with nearby transit options enhancing connectivity for future residents or tenants. The property is within walking distance to grocery stores,restaurants,fitness studios,and both downtown and 17th Avenue's retail corridors—an essential attribute for any successful multi-residential project.
The land is improved with three separate structures: two are currently rented out,and the third is used as a professional office space. These improvements generate short-term holding income and provide flexibility for interim commercial or residential uses (subject to City of Calgary approvals). The site's existing configuration and tenancies reduce carrying costs while future development planning is underway.
This valuation reflects comparability to several recent area land transactions,adjusted for location,zoning,and development readiness. No development applications have been submitted to date,providing a clean slate for a custom-built vision.
With its location inside the Beltline Area Redevelopment Plan,this parcel benefits from a municipal planning framework that prioritizes high-density residential growth. The CC-MH zoning allows for a wide range of uses and building forms,with potential for further density incentives where community benefit contributions apply.
Whether you're a builder,developer,or investor seeking to hold income-producing land in Calgary's inner core,this offering provides both immediate utility and long-term potential in equal measure.
The site is rectangular in shape with approximately 75 feet of frontage along 15 Avenue SW and rear lane access,offering strong development efficiency. Located between 12 Street and 14 Street SW,it enjoys immediate access to key commuter routes including 14 Street,17 Avenue,and 12 Avenue SW,with nearby transit options enhancing connectivity for future residents or tenants. The property is within walking distance to grocery stores,restaurants,fitness studios,and both downtown and 17th Avenue's retail corridors—an essential attribute for any successful multi-residential project.
The land is improved with three separate structures: two are currently rented out,and the third is used as a professional office space. These improvements generate short-term holding income and provide flexibility for interim commercial or residential uses (subject to City of Calgary approvals). The site's existing configuration and tenancies reduce carrying costs while future development planning is underway.
This valuation reflects comparability to several recent area land transactions,adjusted for location,zoning,and development readiness. No development applications have been submitted to date,providing a clean slate for a custom-built vision.
With its location inside the Beltline Area Redevelopment Plan,this parcel benefits from a municipal planning framework that prioritizes high-density residential growth. The CC-MH zoning allows for a wide range of uses and building forms,with potential for further density incentives where community benefit contributions apply.
Whether you're a builder,developer,or investor seeking to hold income-producing land in Calgary's inner core,this offering provides both immediate utility and long-term potential in equal measure.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning CC-MH
Direction SW
Interior
Inclusions As is where is
Fireplace No
Exterior
Garage No
Building
Dwelling Type Other
Others
Restrictions None Known
Virtual Tour 2 https://popowichrealestate.com/beltline-development-login/
Virtual Tour https://popowichrealestate.com/beltline-development-login/
Listed by eXp Realty
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Geeta Singh
As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.
Sartaj Sekhon
Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary.
What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road.
Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue!
If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!
Charlene Soares
Viren is a very responsive realtor who drops everything to come see his clients. He will help you with your house purchasing decisions by providing additional resources to evaluate the current market situation and always available for questions. Great realtor to choose if you are on the market searching for excellent help!
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