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$3,450,000

Est. payment - /mo

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9 Beds

5 Baths

3,924 SqFt

Active

2135, 2139, 2143 50 AVE SW Calgary, AB T2T 2W5

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Tim Whitehead

tim@thecompassteam.ca +1(403) 308-4353

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3924.94

Square Footage 3,924 sqft

Price per Sqft $879

Subdivision North Glenmore Park

MLS Listing ID A2302642

Style Bungalow

Bedrooms 9

Full Baths 5

HOA Y/N No

Year Built 1961

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type Detached

Property Description

150' x 138' LAND ASSEMBLY IN NORTH GLENMORE PARK | THREE ADJACENT PARCELS OFFERED TOGETHER | SUITED TO A 5-STOREY APARTMENT,SUBJECT TO CITY APPROVAL | FLAT SITE,CORNER INFLUENCE,SOUTH-FACING REAR | HOLDING INCOME FROM EXISTING HOMES | 8 MINUTES TO DOWNTOWN. Assembling this much land in North Glenmore Park is close to impossible; here it has already been done for you. Three adjacent properties,each approximately 50' x 139',are offered together to create a combined 150' x 138' footprint well-suited to a mid-rise purpose-built rental or condominium project,subject to city approval. The flat topography,corner influence and south-facing rear exposure support efficient building design,strong unit layouts and optimal natural light,the drivers of rental performance and long-term asset value. The existing homes provide holding income while entitlements proceed,but the primary value is the assembly itself and its capacity for higher-density redevelopment in a mature,high-demand inner-city location surrounded by quality infill. Surrounding amenities drive tenant demand: Central Memorial High School and Altadore School nearby; North Glenmore Park and the Glenmore Reservoir with pathways,the Calgary Canoe Club,Calgary Rowing Club,tennis courts,cross-country skiing,skating trails and picnic areas; plus Glenmore Athletic Park and the Glenmore Aquatic Centre. Downtown is approximately 8 minutes away via Crowchild Trail and Glenmore Trail. For developers and investors targeting a Calgary multifamily site with scale,configuration,exposure and location,this is a strategic acquisition for a long-term hold or build-to-sell project.

Location

Province AB

County 0046

Community Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Area Cal Zone W

Zoning R-C2

Direction SW

Location Details Suite Attached/Within Primary Dwelling

Rooms

Basement Separate/Exterior Entry, Full, Finished

Guest Accommodations Basement

Interior

Interior Features See Remarks, Separate Entrance

Heating Forced Air

Cooling None

Flooring Carpet, Linoleum

Fireplaces Number 2

Fireplaces Type Wood Burning

Inclusions Appliances and Window Coverings Sold As Is Where Is

Fireplace Yes

Appliance See Remarks

Laundry In Basement

Exterior

Exterior Feature Private Entrance

Parking Features Double Garage Detached, Off Street, Oversized

Garage Spaces 2.0

Fence Fenced

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Roof Type Asphalt Shingle

Porch Patio

Total Parking Spaces 6

Garage Yes

Building

Lot Description Back Lane, Back Yard, Landscaped, Level

Dwelling Type House

Faces N

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Dwelling Type Suite Attached/Within Primary Dwelling

Level or Stories One

New Construction No

Others

Restrictions None Known

Listed by Real Broker

NEARBY SCHOOL & BUSINESS

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Tim Whitehead

Agent

+1(403) 308-4353