Attention Investors & Developers! Prime Inner-City Development Opportunity
An exceptional 8,200 sq. ft. (60' x 135') lot with Back lane and H-GO zoning, offering the potential for 12 suites—six row-homes with six basement suites—and up to 12,300 sq. ft. of buildable area. This makes it an ideal project for Multi-family project such as CMHC MLI SELECT financing.
The property features a modern, open-concept 3-bedroom, 2-bathroom bungalow with hardwood floors, an updated kitchen and bathrooms, and a spacious ensuite with heated floors—blending elegance with functionality. Henry Wise Wood High School, it has a strong tradition of academic achievement, offering programs such as: International Baccalaureate (IB), Gifted & Talented Education (GATE)
- Expansive 60' x 135' lot with extensive decking.
- Oversized finished garage (22' x 24') for added convenience.
- Newer windows & mechanicals (high-efficiency furnace & water heater).
- Located in Kingsland, one of Calgary’s top-ranked neighborhoods for walking, biking, and transit access.
- Minutes from downtown, with excellent express transit options (Bus #3, C-Train etc.).
- Prime location on Elbow Drive, steps from shopping, delis, restaurants, Glenmore Reservoir, Chinook Centre, and even Starbucks just steps away!
An outstanding investment opportunity to hold with cash flow potential while planning for future development.
Data was last updated September 4, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$659,000
Min list price:
$195,000
Max list price:
$799,998
Avg days on market:
23
Min days on market:
2
Max days on market:
227
Avg price per sq.ft.:
$537.5
These statistics are generated based on the current listing's property type
and located in
Kingsland. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.