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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:51438)
| MLS® Number | A2191678 |
| Property Type | Single Family |
| Neigbourhood | Winston Heights/Mountview |
| Community Name | Tuxedo Park |
| AmenitiesNearBy | Park, Playground, Schools, Shopping |
| Features | See Remarks, Back Lane |
| ParkingSpaceTotal | 2 |
| Plan | 21290 |
| Structure | None |
| BathroomTotal | 1 |
| BedroomsAboveGround | 1 |
| BedroomsTotal | 1 |
| Appliances | None |
| ArchitecturalStyle | Bungalow |
| BasementType | See Remarks |
| ConstructedDate | 1942 |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | See Remarks |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FlooringType | Other |
| FoundationType | See Remarks |
| HeatingType | Other |
| StoriesTotal | 1 |
| SizeInterior | 855.2 Sqft |
| TotalFinishedArea | 855.2 Sqft |
| Type | House |
| None |
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Park, Playground, Schools, Shopping |
| SizeFrontage | 13.99 M |
| SizeIrregular | 533.00 |
| SizeTotal | 533 M2|4,051 - 7,250 Sqft |
| SizeTotalText | 533 M2|4,051 - 7,250 Sqft |
| ZoningDescription | M-c1 |
| 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
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