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7302 Elbow Drive SW
Kingsland
Calgary
T2V 1K1
$425,000
Land
- Status:
- Active
- Prop. Type:
- Land
- MLS® Num:
- A2201113
- Photos (2)
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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!
- Property Type:
- Land
- Property Sub Type:
- Residential Land
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 3,659 sq. ft.340 m2
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 1712474
- Ensuite:
- No
- Garage:
- 0
- Kingsland
- Fence
- None Known
- Title to Land:
- Fee Simple
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Calgary
- Zone:
- CAL Zone S
- Zoning:
- H-GO
- Listed Date:
- Mar 10, 2025
- Days on Mkt:
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Listed by MaxWell Capital Realty
Data was last updated March 14, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 70
- Avg list price:
- $1,203,652
- Min list price:
- $299,900
- Max list price:
- $23,000,000
- Avg days on market:
- 87
- Min days on market:
- 1
- Max days on market:
- 2,782
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- Gordon Group
- CIR Realty
- 403.891.8027
- Contact by Email
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.