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Listed price in listed location currency (CAD).
$800,000

002

MLS® A2288649

Overview

Key Facts

Type Duplex
Levels Residential Income
Size 989 sqft
Garage No
Taxes 
Days Active 3
Lot Size 0.14 acres
Approx. Age 1912
Avg. Price Per Sqft $808
MLS® Number A2288649

Property Address: 1311 1 Street Ne, Calgary, AB, T2E3B6

Average square foot calculated using Size range provided by listing agent.

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 fourplex 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. 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.
MLS® NumberA2288649
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1912
Basement
Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

5 refrigerators, 5 stoves, 1 washer 1 dryer.

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$800,000List Price

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