FANTASTIC opportunity to acquire a well-located development site in Calgary’s evolving inner-city community of Ramsay. Located at 1123/1125 8 Street SE, this 33x148 site(both together - 66x148) features newly approved HGO (Housing – Grade-Oriented) zoning and a preliminary design for a 28-unit multi-family project as supported by the City. This lot also has the potential for subdivision into 2 - 33x74 lots (east/west) with City approvals. Seller would prefer both sold together or may consider seperate sales. City planning meetings have been completed and are supportive, with development approval drawings able to be prepared quickly for submission. The nearly 10,000 sq. ft. parcel offers dual street access from 8 Street SE and Maggie Street to the west. Our proposed concept respects the neighborhood’s historic character while delivering modern, attainable inner-city housing. Ideally situated steps from Red’s Diner and within walking distance to Stampede Park, the BMO Centre, and the Culture and Entertainment District, including the future SAM Centre and Inglewood’s vibrant retail and nightlife. Ramsay continues to benefit from public and private reinvestment, making this an attractive long-term opportunity. With potential CMHC MLI Select eligibility, this project offers enhanced financing options while contributing to Calgary’s growing rental housing needs. Come have a look today and make us an offer! (id:55577)
Property Features
- MLS® Number A2276037
- Price $750,000
- Bedrooms: 1
- Bathrooms: 1
- Square Footage: 710 sqft
- Property Type: House
- Community Name: Ramsay
- Features See Remarks
- Parking Space Total 3
- Plan A2
- Structure None
Buildings
| Bathroom Total | 1 | Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 | Appliances | None |
| Architectural Style | Bungalow | Basement Development | Unfinished |
| Basement Type | Partial (unfinished) | Constructed Date | 1944 |
| Construction Material | Wood Frame | Construction Style Attachment | Detached |
| Cooling Type | None | Flooring Type | Other, Wood |
| Foundation Type | Block | Heating Type | Other |
| Stories Total | 1 | Size Interior | 710 Sqft |
| Total Finished Area | 710 Sqft | Type | House |
Parking
| Other |
Land
| Acreage | No | Fence Type | Not Fenced |
| Size Depth | 45.11 M | Size Frontage | 10.06 M |
| Size Irregular | 455.00 | Size Total | 455 M2|4,051 - 7,250 Sqft |
| Size Total Text | 455 M2|4,051 - 7,250 Sqft | Zoning Description | H-go |
Rooms
| Level | Type | Dimensions |
|---|---|---|
| Main Level | 4pc Bathroom | 7.00 Ft x 4.00 Ft |
| Main Level | Bedroom | 8.00 Ft x 10.00 Ft |
Agents and Offices
- Mike Dreger
- Office: Century 21 Bamber Realty Ltd.
