7302 Elbow Drive Sw Calgary, Alberta t2v 1k1
$425,000
Exciting Investment Opportunity for Developers and Investors in the Kingsland Neighbourhood!Presenting a prime development opportunity with TWO lots combined for an impressive 65-ft x 122-ft of land, perfectly situated in the highly desirable Kingsland area! Whether you're looking to build single-family homes with the potential for basement suites (subject to city approval) to sell or embark on a larger-scale redevelopment project, this property is ready to bring your vision to life.Take advantage of the H-GO zoning, which allows for taller 12m townhomes, and even the possibility of stacked units. With city approval, you can create 8-10 Rental units in two separate buildings, each with its own garage, and basement suites may also be permitted. This opens the door to a variety of exciting redevelopment options, ideal for multi-family housing.In addition, CMHC MLI Select Multi-Family Financing is available, offering favorable mortgage rates, up to 50-year amortization, and extra incentives for purpose-built rentals (buyer to confirm details with CMHC).The property is ready for immediate development – demolition has already been completed, saving you both time and costs. This is an exceptional opportunity to get a head start on your next big project!Both 7302 & 7403 Elbow Drive SW must be included in the sale, so don’t miss out on this incredible chance to transform these lots into a lucrative investment!Contact us today to discuss the possibilities and make this property your next big project! (id:57810)
Property Details
| MLS® Number | A2201113 |
| Property Type | Vacant Land |
| Neigbourhood | Southwood |
| Community Name | Kingsland |
| Plan | 1712474 |
Building
| Age | Age Is Unknown |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Size Irregular | 340.00 |
| Size Total | 340 M2|0-4,050 Sqft |
| Size Total Text | 340 M2|0-4,050 Sqft |
| Zoning Description | H-go |
https://www.realtor.ca/real-estate/28015427/7302-elbow-drive-sw-calgary-kingsland
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March 12 2025 07:57:07
Calgary Real Estate Board
Maxwell Capital Realty
