531 24th Avenue NW
Mount Pleasant Calgary T2M 1X4

$3,200,000
Multi-Family 2,565 sq. ft. built: 1947

Aerial view - close to Downtown Calgary
Photo 1: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 2: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 3: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 4: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 5: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 6: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 7: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 8: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 9: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 10: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 11: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 12: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 13: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 14: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 15: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 16: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 17: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 18: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 19: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 20: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 21: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 22: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 23: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 24: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 25: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 26: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 27: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 28: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 29: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 30: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 31: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 32: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 33: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 34: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 35: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Photo 36: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2143394
Year Built:
1947
Attention developers & Investors this is a prime, inner city, Mount Pleasant land assemblage / redevelopment site with MC-2 zoning. Don't miss this RARE OPPORTUNITY which includes lots 23, 24, 25 & 26 combined, offering 100' frontage x 180' lot depth, approximately 18.000 sqft lot size or 0.41 acres. Fantastic inner-city location, close to Downtown Calgary. Properties 531 (Linc# 0019928655) along with 535 & 533 (Linc# 0019928647) 24th Avenue NW must be purchased together. Proposed development plans are for an apartment building comprising of 49 purpose built rental units 43 - 1 bed units + 3 - 2 bed + 3 bachelor units w/1 level of underground parking - 41 stalls. Land survey, geotechnical report, and ESA report available to view in the supplements, along with a recent commercial property appraisal $3.17 million (2023) of properties in their current state. Also, potential with the City of Calgary approval to rezone to build even more i.e. 75+ units with 2 levels of parking and potential commercial retail units (CRU's) at grade. MC2 is one of the highest medium-density zoning with tremendous flexibility to build commercial, multi-family, 4-6 storey apartment buildings are just some of the options with City of Calgary approval. Prime location within walking distance to Confederation Park, Mount Pleasant community amenities, schools, transit, shops & restaurants on 4th Street & 16th Ave NW. Quick commute to SAIT + Downtown Calgary, University of Calgary, Alberta Children’s Hospital & Foothills Hospital. This is an incredible opportunity to either develop the proposed multi-family development plans or develop your own vision for a dynamic multi-family project catering to Calgary’s growing demand for housing or hold onto these inner-city Calgary properties with solid revenue generation for future redevelopment. Existing side by side properties currently generate $132,600 in gross annual income offering rental income during your planning phase. Note: Total SQFT / Building Area is the combined RMS measurements of the existing properties. 535 & 533 24th Avenue NW (built 1950) is a renovated bungalow 1108 sqft main floor legal suite with a 1031 sqft legal lower-level suite. 531 24th Avenue NW (built 1947) is a renovated 2-storey offering 2564 sqft above grade with a legal main floor + illegal upper-level suite(s) + 975 sqft illegal lower-level suite all in great condition. Develop the proposed plans, bring your own vision / plans to life or buy and hold - the possibilities are endless. Please do not disturb tenants/access property. Showings of properties subject to an accepted offer to purchase.
Property Type:
Multi-Family
Property Sub Type:
Triplex
Transaction Type:
For Sale
Home Style:
2 Storey, Up/Down
Total Living Area:
2,565 sq. ft.
Main Level Finished Area:
1,470 sq. ft.
Upper Level Finished Area:
1,100 sq. ft.
Below Grade Finished Area:
975 sq. ft.
Lot Area:
18,000 sq. ft.
Lot Frontage:
100'
Lot Details:
100 X 180
Stories Total:
2
Levels:
Two
Year built:
1947 (Age: 77)
Bathrooms:
- (Full:-, Half:-)
Plan:
29340
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Triplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached, Garage Faces Rear
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Multiple Locations
Mount Pleasant (Calgary)
Dishwasher, Electric Stove, Gas Stove, Washer/Dryer, Washer/Dryer Stacked, Window Coverings
2nd dishwasher. & 2nd electric stove
None Known
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
See Remarks
Exterior Features:
Playground, Private Entrance, Private Yard
Lot Features:
Back Yard, City Lot, Near Shopping Center, Landscaped, Level, Street Lighting, Near Public Transit, Rectangular Lot, Treed, Fruit Trees/Shrub(s), Near Golf Course
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jun 21, 2024
  • Photo 1: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view - close to Downtown Calgary
  • Photo 2: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties within close proximity to Downtown Calgary
  • Photo 3: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view
  • Photo 4: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties within close proximity to Downtown Calgary
  • Photo 5: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 6: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view 531 24th Avenue NW
  • Photo 7: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of front of properties
  • Photo 8: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view 531 24th Avenue NW
  • Photo 9: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view 531 24th Avenue NW
  • Photo 10: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of 531 24th Avenue NW
  • Photo 11: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view 531 24th Avenue NW
  • Photo 12: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 13: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 14: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 15: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 16: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 17: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 18: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 19: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Proposed 49 unit redevelopment
  • Photo 20: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties within close proximity to Downtown Calgary
  • Photo 21: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 22: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties within close proximity to Downtown Calgary
  • Photo 23: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 24: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Mount Pleasant Community
  • Photo 25: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 26: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 27: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 28: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Mount Pleasant Community
  • Photo 29: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Arial view of properties
  • Photo 30: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 31: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 32: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
  • Photo 33: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view of 535 & 533 24th Avenue NW
  • Photo 34: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view of 535 & 533 24th Avenue NW
  • Photo 35: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Front view of 535 & 533 24th Avenue NW
  • Photo 36: 531 24th Avenue NW in Calgary: Mount Pleasant Triplex for sale : MLS®# A2143394
    Aerial view of properties
Listed by Century 21 Bravo Realty
Data was last updated October 22, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$1,299,000
Min list price:
$875,000
Max list price:
$4,280,000
Avg days on market:
39
Min days on market:
3
Max days on market:
170
Avg price per sq.ft.:
$582.34
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.