2028 43 Street SE, Calgary, AB T2B1H3
2028 43 Street SE, Calgary, AB T2B1H3
2028 43 Street SE, Calgary, AB T2B1H3
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Sherry Johnston

Sherry Johnston

+1(403) 850-1234
$ 614,900
Est. payment | /mo

3 Beds

2 Baths

1,395 SqFt

Save
$ 614,900
Est. payment | /mo
Save

3 Beds

2 Baths

1,395 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1395

Square Footage 1,395 sqft

Price per Sqft $440

Subdivision Forest Lawn

MLS® Listing ID A2330043

Style 3 Level

Bedrooms 3

Year Built 1961

Lot Size 6,092 Sqft

Acres 6092.0

Property Sub-Type Freehold

Property 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. (id:24570)

Location

Province AB

Rooms

Kitchen 1.0

Extra Room 1 Second level 29.10 M x 36.90 M Bedroom

Extra Room 2 Second level 33.90 M x 26.70 M Bedroom

Extra Room 3 Second level 29.60 M x 23.00 M 4pc Bathroom

Extra Room 4 Second level 41.80 M x 33.90 M Primary Bedroom

Extra Room 5 Basement 22.40 M x 14.10 M 3pc Bathroom

Extra Room 6 Basement 42.80 M x 15.10 M Laundry room

Interior

Heating Forced air,

Cooling None

Flooring Carpeted, Hardwood, Laminate, Tile

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Architectural Style 3 Level

Others

Ownership Freehold

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Listed by URBAN-REALTY.ca

Nearby Locations

Sherry Johnston
Sherry Johnston

Agent

+1(403) 850-1234 | sherry.johnston@exprealty.com

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2028 43 Street SE