








1/10236 11 Avenue NE, Calgary, AB T2E0V8
$599,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
91%
Lot Size
0.09217022580469796 ac
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)
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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.
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.
Confidential diligence documents for 236 11 Avenue NE, Calgary.
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.