ATTENTION BUILDERS, DEVELOPERS & INVESTORS!
Each unit is paired with a 1-bedroom basement suite, designed to maximize livability with large windows in both the bedrooms and living areas, enhancing natural light and rental appeal.
Positioned just off 16 Avenue and Centre Street, the location of this project offers exceptional connectivity and lifestyle appeal. Tenants will enjoy being just steps from numerous shops, services, and restaurants along 16th Ave and Centre Street.
In this central location, Downtown is a mere 4 min drive or just 30 mins away on foot, making this location incredibly attractive for anyone working downtown.
Plentiful parks and outdoor space are also nearby, including Crescent Park with its tennis courts, playground, baseball diamonds and the Crescent Heights Community Association. The iconic Crescent Road ridge is also nearby, known for some of the best downtown skyline views in the city. Princes Island Park is also a quick 20-min walk away.
Families and students will appreciate the close proximity to schooling all within a 5 min drive or 10-20 min walk. This property is just 16 mins on foot from Rosedale School (K-9), 12 mins on foot from Crescent Heights High School (10-12) and 18 mins on foot from SAIT.
Public transit options abound in this location, from the LRT to numerous bus routes. Plus, easy access to 16th Ave and Deerfoot Trail makes getting around the city a breeze.
Opportunities with approved development permits in premier inner-city locations are increasingly scarce—this is your chance to step into a turnkey project with significant upside.
*Development Permit Approval is subject to compliance with all DP conditions.
This is an incredible opportunity to acquire a prime 49' x 107' MC-1 parcel with an APPROVED DEVELOPMENT PERMIT for 8 UNITS in Crescent Heights!
Opportunities to build at this density are few and far between now that the City has repealed the blanket rezoning and is proposing to reduce allowable density and townhome-suitable locations in the R-CG bylaw.
Plus, with DP approval in place, you can avoid the chaos and the long wait times at the City of Calgary and start building right away.
PROJECT DETAILS
The approved development features 4 well-designed upper units, each offering a functional main-floor layout with spacious living and dining areas, a modern kitchen with an island and pantry, and a 2-piece bathroom and in-suite laundry.
The upper floors have been designed with flexibility in mind, offering either 2-bedroom configurations with walk-in closets and private ensuites, or the option to convert to a 3-bedroom, 1-bath layout, depending on your vision and target market.
Each unit is paired with a 1-bedroom basement suite, designed to maximize livability with large windows in both the bedrooms and living areas, enhancing natural light and rental appeal.
With a total of 8 rentable units in a prime inner city location, this project boasts strong income-generating potential at a very attractive price.
AN IDEAL LOCATION
Positioned just off 16 Avenue and Centre Street, the location of this project offers exceptional connectivity and lifestyle appeal. Tenants will enjoy being just steps from numerous shops, services, and restaurants along 16th Ave and Centre Street.
In this central location, Downtown is a mere 4 min drive or just 30 mins away on foot, making this location incredibly attractive for anyone working downtown.
Plentiful parks and outdoor space are also nearby, including Crescent Park with its tennis courts, playground, baseball diamonds and the Crescent Heights Community Association. The iconic Crescent Road ridge is also nearby, known for some of the best downtown skyline views in the city. Princes Island Park is also a quick 20-min walk away.
Families and students will appreciate the close proximity to schooling all within a 5 min drive or 10-20 min walk. This property is just 16 mins on foot from Rosedale School (K-9), 12 mins on foot from Crescent Heights High School (10-12) and 18 mins on foot from SAIT.
Public transit options abound in this location, from the LRT to numerous bus routes. Plus, easy access to 16th Ave and Deerfoot Trail makes getting around the city a breeze.
A RARE OPPORTUNITY
Opportunities with approved development permits in premier inner-city locations are increasingly scarce—this is your chance to step into a turnkey project with significant upside.
*Development Permit Approval is subject to compliance with all DP conditions.
Address
1616 3 Street NW
List Price
$799,900
Type of Dwelling
LAND
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Crescent Heights
Listing Brokerage
RE/MAX HOUSE OF REAL ESTATE
Zoning
M-C1