1301 12 Ave SW, Calgary, AB, T3C 0P6, CA

Beltline Development Site

Attributes

Land area gross

9,778 sf

Zoning

CC-MHX

Asking price

$2,312,000

Asset description

12th & 12th (the “Site”) represents an exceptional opportunity to acquire a 100% freehold interest in 9,778 square feet (“SF”) of development land in the Beltline neighbourhood of Calgary, Alberta.

The Site benefits from superior frontage and exposure to 12 Avenue SW. The Site occupies a prominent corner lot position in an urban location that benefits from pedestrian friendly accessibility to numerous

grocery stores, restaurants, cafes, and breweries all within walking distance. Available for purchase is a rare opportunity to acquire a development site in a rapidly densifying node, in the highly dynamic

Calgary market.

The Site is being offered for sale at asking price of $3,200,000.

...

Investment highlights

DEVELOPMENT READY

An existing development permit (DP2024-08296) was submitted to the City of Calgary in Nov 2024 and can be transferred providing a shovel ready development opportunity. Current architectural renderings envision two, 4-storey buildings totalling a gross floor area of 16,805 SF.

ASSEMBLAGE POTENTIAL

1309 12 Ave SW, a multi-residential building directly west of the Site, can be acquired increasing the total developable land to +/- 16,300 SF. The land is similarly zoned as CC-MHX as the subject Property.