For Sale · Land

236 11 Avenue NE, Calgary

236 11 Avenue NE, Calgary, AB T2E0V8

$599,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

91%

Lot Size

0.09217022580469796 ac

About this property

Rare opportunity to acquire a fully cleared, DP-approved corner Development site in Crescent Heights with approvals in place for 4-units. Zoned R-CG, this property has Development Permit approval for a semi-detached development with legal basement suites, creating four self-contained residential units on one inner-city lot.The approved plans feature two modern attached homes, each offering approximately 1,590 sq.ft. above grade, plus a separate legal basement suite and detached rear garage. With entitlement work substantially completed, this is an exceptional opportunity for builders, developers, and investors seeking to reduce approval timelines and accelerate construction.Located just minutes from downtown Calgary, Centre Street, Edmonton Trail, transit, schools, parks, and the Bow River pathway system, Crescent Heights continues to be one of Calgary’s most desirable and proven inner-city redevelopment communities.Development Permit documentation, approved plans, and supporting information are available upon request. An increasingly rare opportunity to secure a shovel-ready inner-city redevelopment site with four-unit in a premier location. (id:66811)

Financial sandbox

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Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$29K

Annual cash flow

$-5K

Cash-on-cash

-2.54%

DSCR

0.86

Going-in cap

4.78%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

140,179

Households

54,473

Median income

$65,000

Median age

40.9

Daytime population

170,902

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 236 11 Avenue NE, Calgary.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.