Skip to content
Renanza Realty
For sale

2028 43 Street SE

Calgary, Alberta

MLS® A2352090

$599,000

Status
Active
Property type
House
MLS® number
A2352090
Bedrooms
3
Bathrooms
2
Year built
1961

Listing description

RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTIONInvestors 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 DEVELOPERSThe 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 ap proved 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.

Property summary

MLS® number
A2352090
Property type
Single Family
Building type
House
Square footage
1,395 sq ft
Title
Freehold
Land size
6092 square feet
Built in
1961
Annual property taxes
$2,864.57
Parking
2 spaces · Detached Garage
Days on market
15 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Basement
Finished, Full
Flooring
Tile, Hardwood, Laminate, Carpeted
Appliances
Refrigerator, Stove, Microwave, Washer & Dryer
Exterior features
Stucco
Lot features
Back lane, PVC window
Architectural style
3 Level

What would this home cost you?

Based on the $599,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,787 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of URBAN-REALTY.ca, CALGARY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.