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!
Address
140 21 Avenue NE
List Price
$899,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Tuxedo Park
Bedrooms
1
Bathrooms
1
Floor Area
855 Sq. Ft.
Lot Size
5737 Sq. Ft.
Year Built
1942
MLS® Number
A2191678
Listing Brokerage
URBAN-REALTY.ca
Basement Area
See Remarks
Postal Code
T2E1S2
Zoning
M-C1
Site Influences
Back Lane, Back Yard, Corner Lot, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Sidewalks, Street Lights
