For Sale

1123, 8 Street SE, Alberta, Calgary

1 Beds 1 Bath 950 Sqft

$699,000

About Property

EXCEPTIONAL opportunity to acquire a well-located development site in Calgary’s evolving inner-city community of Ramsay. Located at 1123 8 Street SE, this 33’ x 148.5’ parcel (66’ x 148.5’ when assembled with 1125) features newly approved H-GO (Housing – Grade-Oriented) zoning. A City-supported conceptual design illustrates the potential for a 28-unit multi-family development, aligning with Calgary’s inner-city densification strategy. City planning discussions have already taken place and have been supportive of redevelopment concepts, with development approval drawings able to be prepared quickly for submission. For additional context, a nearby land assembly of approximately 35,000 sq. ft. recently received approval for only 20 units, highlighting the strong potential density achievable on this nearly 10,000 sq. ft. site. The property benefits from dual street access from 8 Street SE and Maggie Street, allowing flexible site planning and efficient circulation. Conceptual plans respect the neighborhood’s historic character while introducing modern, attainable inner-city housing. Multiple acquisition options may be available for builders and developers: • Purchase 1123 and 1125 together as a land assembly (66’ x 148.5’) • Purchase 1123 or 1125 individually • Purchase the Maggie Street SE frontage portion of 1125, currently the backyard, which may potentially be subdivided into a 33’ x 72.25’ development lot offered at $360,000. The existing home does not encroach on this proposed lot, allowing flexibility for future development. Ideally situated steps from Red’s Diner and within walking distance to Stampede Park, the BMO Centre, Calgary’s Culture and Entertainment District, and the future SAM Centre, as well as the vibrant shops and restaurants of Inglewood. Ramsay continues to benefit from significant public and private reinvestment, making this one of Calgary’s most attractive inner-city redevelopment locations. Conceptual planning materials available to qualified buyers upon request. Come have a look today and make an offer.

1 Bedrooms
1 Bathrooms
950 sq ft
Garage
SingleFamilyResidence
Built 1908
Active
1 Floor
Interior Details
  • See Remarks
Outdoor Details
  • None
MLS Number
239575378
Price
$699,000

Bedrooms
1
Bathroom
1

Square Footage
950 sq ft
Property Type
RES

Community Name
Features
Other, None

Parking Space Total
Lot Size
Bathroom Total
1
Bedrooms Total
1

Appliances
Concrete
Cooling Type
None

Constructed Date
1908
Heating Type
Other

Pool
Exterior Finish
Bungalow

Fireplace Present
No
Fireplace Total
0

Flooring Type
Hardwood,Linoleum
Foundation Type
Poured Concrete

Half Bath Total
0
Stories Total
1

Size Interior
950
Total Finished Area
950
Spaces

Details
Off Street
LEVEL
TYPE
LENGTH
WIDTH
DIMENSIONS

Mr. Amandeep Budhail

Call Us

+1 (403) 470-3527

Website

https://www.crown-realty.ca

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