Shovel-Ready Multi-Family Development Opportunity in Bowness!
A rare and exceptional opportunity to acquire a full-sized 50' x 120' R-CG zoned lot in the highly sought-after community of Bowness.
This prime inner-city development site comes complete with a fully approved Development Permit for a thoughtfully designed 4-plex, each unit featuring a legal basement suite — totaling 8 income-generating units.
This project is ideal for a CMHC - backed rental investment or a stratified build, offering the potential to sell individual units, each with its own secondary suite.
With the development permit in hand, you can bypass lengthy approval timelines — just pull the building permit and start construction right away. SELLER CAN BUILT THE PROJECT AND OFFER IT AS A TURNKEY SOLUTION FOR INVESTORS.
Opportunities like this don’t come often. Don’t miss your chance to capitalize on this multi-family project in one of Calgary’s most desirable redevelopment areas perfect for Developers, Builders, or long - term investors.
Address
8320 34 Avenue NW
List Price
$765,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary NW
Sub-Area
Bowness
Bedrooms
3
Bathrooms
1
Floor Area
867 Sq. Ft.
Lot Size
6006 Sq. Ft.
Year Built
1952
MLS® Number
A2244380
Listing Brokerage
CIR Realty
Basement Area
Full, Unfinished
Postal Code
T3B1R2
Zoning
R-CG
Site Influences
Back Lane, Back Yard, Fishing, Front Yard, Schools Nearby, Shopping Nearby, No Neighbours Behind, Park, Playground, Sidewalks, Street Lights