ATTENTION BUILDERS, DEVELOPERS, AND INVESTORS!
Set on a 44’ x 124.5’ walk-out corner lot in Altadore surrounded by upscale infill developments, this property presents a rare opportunity for upscale development in one of Calgary’s most desirable communities. Located just a few moments from Kiwanis Park and within walking distance to River Park, this property is also less than a 10-minute walk to all the shops, restaurants, cafés, and amenities of vibrant Marda Loop.
Currently zoned R-CG and measuring 5,478 sq. ft., this property offers the potential to develop a luxury single-family home, semi-detached infills, or up to 3 townhomes (subject to City approval, including appropriate zoning and development permits). The walk-out lot configuration adds further appeal and design flexibility. With new semi-detached homes selling up to $1.5 Million, and oversized single-family homes selling up to $3.0 Million in the area, this is a smart investment in a very desirable community.
THE EXISTING PROPERTY
The existing property also offers strong buy-and-hold potential, generating approximately $3,000/month in rental income.
The bright, spacious 3-bedroom upper suite features hardwood flooring, large windows and a well-sized kitchen. A raised balcony overlooking the large private backyard offers excellent outdoor living and entertaining space. This upper suite typically rents for approximately $2,200 per month but is currently vacant.
The 1-bedroom illegal lower suite is currently rented for $850/month to a long-term tenant on a month-to-month lease, who is interested to stay or could vacate as desired by a new owner.
ALL ABOUT ALTADORE
Altadore is SW Calgary’s most in-demand infill community, home to numerous high-end infills and luxury single family homes. This upscale neighbourhood is a quick walk or bike ride from all the shops, services, and restaurants that Marda Loop has to offer. The area is also home to several parks/green spaces including Kiwanis Park, and Playground, River Park off-leash park, Sandy Beach, and more.
Nearby public schools include Altadore Elementary and Central Memorial High, as well as private schools like Lycee Louis Pasteur and Masters Academy. Other schools include Emily Follensbee, Dr Oakley, Alternative High, and Mount Royal University.
Outdoor recreation options are endless, with the Glenmore Athletic Park just a few mins away, featuring Stu Peppard Arena, Glenmore Aquatic Centre, Glenmore Tennis Courts and Lakeview Golf Course. Sandy Beach and River Park offer walking trails, incredible city views, river access, picnic sites, playgrounds, as well as access into the Elbow River pathway system for biking and running enthusiasts.
Easily accessible on foot, Marda Loop is where you’ll find a huge variety of restaurants, pubs, groceries, spas, shops, coffee shops, boutique fitness and numerous other amenities
With quick access to major roadways, including Crowchild Trail and 14th Street, this is the perfect location for families who appreciate easy access to downtown and the rest of the city!
THE OPPORTUNITY
Opportunities to secure sizeable walk-out corner lots in Altadore are increasingly limited—especially with holding income in place and unbeatable access to parks, downtown, and Marda Loop. Secure this prime redevelopment opportunity today!
**Development options are for illustrative purposes only. Development is subject to City approval, including appropriate zoning and development permits.