For Sale

2028, 43 Street SE, Alberta, Calgary

3 Beds 2 Bath 1395 Sqft

$614,900

About Property

RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTION Investors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development. Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS. The approved project provides approximately: 8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway. This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero. BUILT FOR INVESTORS AND DEVELOPERS The property offers multiple potential exit strategies: BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements. BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income. DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project. FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility. The purchaser acquires an opportunity with an approved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction. The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms. The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area. FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures.

3 Bedrooms
2 Bathrooms
1395 sq ft
Garage
SingleFamilyResidence
Built 1961
Active
3 Floor
Interior Details
  • Storage
  • Vinyl Windows
Outdoor Details
  • None
MLS Number
248795944
Price
$614,900

Bedrooms
3
Bathroom
2

Square Footage
1395 sq ft
Property Type
RES

Community Name
Features
Forced Air,Natural Gas, In Basement

Parking Space Total
Lot Size
Bathroom Total
2
Bedrooms Total
3

Appliances
Stucco,Wood Frame
Cooling Type
None

Constructed Date
1961
Heating Type
Forced Air,Natural Gas

Pool
Exterior Finish
3 Level Split

Fireplace Present
No
Fireplace Total
0

Flooring Type
Carpet,Hardwood,Laminate,Tile
Foundation Type
Poured Concrete

Half Bath Total
0
Stories Total
3

Size Interior
1395
Total Finished Area
1395
Spaces

Details
Double Garage Detached
LEVEL
TYPE
LENGTH
WIDTH
DIMENSIONS

Mr. Amandeep Budhail

Call Us

+1 (403) 470-3527

Website

https://www.crown-realty.ca

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