140 21 Avenue Ne Calgary, Alberta T2E 1S2
$899,000
Welcome to 140-21 Ave NE, a premium corner lot located in the heart of Calgary's highly sought-after Tuxedo Park neighborhood. This spacious 5,750 sq. ft. parcel offers an exceptional opportunity for developers and investors to create a lucrative project in one of the city's most dynamic areas.The property is being sold for land value only, as the existing structure is not livable. However, the city has approved a permit to move the house, saving you the cost and effort of demolition. With a conditional Development Permit (DP) already approved, this lot is ready for the construction of a 4-plex with 4 secondary suites, an excellent opportunity for those seeking a high return on investment. Additionally, the city-approved 4-plex plans are included and attached in the photos for your review.The location is ideal, offering close proximity to downtown Calgary, the C-Train, highway access, hospitals, SAIT, the University of Calgary, and numerous amenities including Lina's Italian Market and other shopping centres. Preliminary assessments and attached drawings have already passed city requirements, and construction can begin as soon as a building permit is obtained. This property also presents a great opportunity to take advantage of CMHC mortgage options with low interest rates.For those looking for flexibility, a joint venture may be considered, or a build-to-suit option is available with tentative possession for the completed project in March 2026. This is a rare opportunity to secure a prime development lot in a vibrant, high-demand neighborhood. Only pre-approved mortgage or cash buyers will be considered.Priced to sell quickly. don't miss your chance to capitalize on this incredible opportunity. Contact us today! (id:41914)
Property Details
| MLS® Number | A2191678 |
| Property Type | Single Family |
| Community Name | Tuxedo Park |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | See Remarks, Back Lane |
| Parking Space Total | 2 |
| Plan | 21290 |
| Structure | None |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 |
| Appliances | None |
| Architectural Style | Bungalow |
| Basement Type | See Remarks |
| Constructed Date | 1942 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | See Remarks |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Other |
| Foundation Type | See Remarks |
| Heating Type | Other |
| Stories Total | 1 |
| Size Interior | 855.2 Sqft |
| Total Finished Area | 855.2 Sqft |
| Type | House |
Parking
| None |
Land
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Frontage | 13.99 M |
| Size Irregular | 533.00 |
| Size Total | 533 M2|4,051 - 7,250 Sqft |
| Size Total Text | 533 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Bedroom | 30.42 Ft x 26.08 Ft | ||
| Main Level | 3pc Bathroom | 30.42 Ft x 26.08 Ft |
https://www.realtor.ca/real-estate/27872518/140-21-avenue-ne-calgary-tuxedo-park
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Calgary Real Estate Board
First Place Realty
February 04 2025 02:05:52
