Attention Developers & Investors! A rare opportunity in the heart of West Hillhurst to secure a full sized 50’ x 125’ R-CG lot with a Development Permit in process for a thoughtfully designed 3 story luxury fourplex, each unit featuring a legal basement suite and a total of eight income producing units. This is an ideal site for a CMHC MLI Select project, allowing buyers to maximize leverage and long term rental potential.
The existing home, updated a few years ago, offers a three bedroom main floor with one full bathroom plus an illegal basement suite with a private entrance, two bedrooms, and a three piece bath. A double detached garage, fenced yard, and solid rental income make this a great holding property while you advance the development.
To streamline the process further, the seller is open to building the project and delivering it turnkey for a resale value of approximately $3.5M; offering a unique, hassle free option for investors looking for immediate entry into Calgary’s booming multi family market.
Beyond the development potential, the location is exceptional. Set in one of Calgary’s most sought after inner city communities, this property offers unmatched access to parks, schools, shopping, coffee shops, and the Bow River pathway system, all while being just minutes to downtown. For builders, developers, or long term investors, this is a rare chance to secure a future ready multi family site in a prestigious location with strong rental demand. Call you Realtor and get it going !
Data was last updated August 24, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$904,000
Min list price:
$295,000
Max list price:
$2,595,000
Avg days on market:
31
Min days on market:
2
Max days on market:
177
Avg price per sq.ft.:
$676.73
These statistics are generated based on the current listing's property type
and located in
West Hillhurst. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.