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Overview
MLS® Number:
A2288649
Type:
Full Duplex
Living Area:
990 sq. ft.
Lot Size:
5,941
Square Feet
Year Built:
1912
Community:
Crescent Heights
Description
Prime inner-city redevelopment opportunity in Crescent Heights. Positioned on a just under 60 x 100 lot and zoned M-CGd72 (Multi-Residential – Contextual Ground Oriented), this property offers exceptional potential for townhomes or a four-plex style development (City of Calgary confirmation required) in one of Calgary’s most sought-after infill communities. M-CG is specifically designed to support ground-oriented multi-residential projects that align with the character of established neighbourhoods — making this an ideal site for builders looking to deliver high-demand product in a proven location. Currently situated on the lot are two connected homes plus a detached garage. A couple of existing tenants provide income to help offset holding costs while development plans are finalized. Total of 5 units 9 bedrooms provide ton of opportunity. Whether you choose to hold short-term or move quickly toward redevelopment, the flexibility is there. The location speaks for itself. Just off 16th Avenue and Centre Street NE, this site offers quick access to downtown, major transit corridors, restaurants, retail, and amenities. Crescent Heights continues to see strong buyer demand driven by walkability, skyline proximity, and ongoing area revitalization. This is the type of parcel that rarely becomes available — multi-residential zoning already in place, eliminating much of the uncertainty developers often face. For experienced infill builders/multi-family this represents a strategic acquisition: • Established inner-city neighbourhood • Multi-residential zoning in place • Revenue-generating holding property • Strong resale demand for ground-oriented product Opportunities like this are becoming increasingly scarce in Crescent Heights. Secure the land. Design the vision. Build what the market wants.
Seller Brokerage: Real Broker
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Community Statistics
Calgary Police Service · City of Calgary Open DataAnnual disorder incidents reported in Crescent Heights. Disorder includes noise complaints, suspicious persons, public disturbances, and similar matters.
2020
1028 incidents
2021
1123 incidents
2022
955 incidents
2023
774 incidents
2024
742 incidents
▼ 4.1% fewer incidents in 2024 vs the prior year.
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Full community profile
Crescent Heights is one of Calgary's most historic and sought-after inner-city neighbourhoods, offering residents a perfect blend of character, convenience, and stunning views. Perched on a hillside overlooking the Bow River and downtown Calgary, this established community is known for its tree-lined streets, heritage homes, and strong sense of community pride.
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