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535, 533 24th Avenue NW
Mount Pleasant Calgary T2M 1X4

$3,200,000
Multi-Family 1,100 sq. ft. built: 1950

Aerial view of properties - close proximity to Downtown Calgary
Photo 1: 535, 533 24th Avenue NW, Calgary
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2143418
Year Built:
1950
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 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. There is a 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.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. 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. Develop the proposed plan, bring your own vision / plans 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:
Full Duplex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bungalow, Up/Down
Total Living Area:
1,100 sq. ft.
Main Level Finished Area:
1,100 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
975 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
18,000 sq. ft.
Lot Frontage:
100'
Lot Details:
100 x 180
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Stories Total:
1
Levels:
One
Year built:
1950 (Age: 74)
Bathrooms:
- (Full:-, Half:-)
Plan:
29340
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Driveway, Garage Faces Rear, Oversized
Parking Places:
8.0
Parking Total/Covered:
8 / -
Laundry Features:
Multiple Locations
Mount Pleasant (Calgary)
Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
2nd built in dishwasher, 2 hood fans, 2nd refrigerator, 2nd electric stove
None Known
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Private Yard
Lot Features:
Back Yard, City Lot, Fruit Trees/Shrub(s), Near Shopping Center, Landscaped, Many Trees, Street Lighting, Near Golf Course, Near Public Transit, Rectangular Lot, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jun 21, 2024
Days on Mkt:
  • Photo 1: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 2: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 3: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 4: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 5: 535, 533 24th Avenue NW, Calgary
    Aerial view within close proximity to Downtown Calgary
  • Photo 6: 535, 533 24th Avenue NW, Calgary
    Front view of 535 & 533 24th Avenue NW
  • Photo 7: 535, 533 24th Avenue NW, Calgary
    Aerial view of front of properties
  • Photo 8: 535, 533 24th Avenue NW, Calgary
    Front view of 535 & 533 24th Avenue NW
  • Photo 9: 535, 533 24th Avenue NW, Calgary
    Front view of 535 & 533 24th Avenue NW
  • Photo 10: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 11: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 12: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 13: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 14: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 15: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 16: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 17: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 18: 535, 533 24th Avenue NW, Calgary
    Proposed 49 unit development
  • Photo 19: 535, 533 24th Avenue NW, Calgary
    Mount Pleasant Community
  • Photo 20: 535, 533 24th Avenue NW, Calgary
    Mount Pleasant Community
  • Photo 21: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties
  • Photo 22: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties
  • Photo 23: 535, 533 24th Avenue NW, Calgary
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  • Photo 24: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties
  • Photo 25: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties
  • Photo 26: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 27: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties - close proximity to Downtown Calgary
  • Photo 28: 535, 533 24th Avenue NW, Calgary
    Aerial view of 531 24th Avenue NW
  • Photo 29: 535, 533 24th Avenue NW, Calgary
    View of 531 24th Avenue NW
  • Photo 30: 535, 533 24th Avenue NW, Calgary
    Front view of 531 24th Avenue NW
  • Photo 31: 535, 533 24th Avenue NW, Calgary
    Front view of 531 24th Avenue NW
  • Photo 32: 535, 533 24th Avenue NW, Calgary
    Front view 531 24th Avenue NW
  • Photo 33: 535, 533 24th Avenue NW, Calgary
    Front view 531 24th Avenue NW
  • Photo 34: 535, 533 24th Avenue NW, Calgary
    Aerial view of properties
  • Photo 35: 535, 533 24th Avenue NW, Calgary
    Aerial view within close proximity to Downtown Calgary
Listed by Century 21 Bravo Realty
Data was last updated October 9, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,187,500
Min list price:
$875,000
Max list price:
$3,200,000
Avg days on market:
34
Min days on market:
5
Max days on market:
157
Avg price per sq.ft.:
$579.48
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
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.