RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTION
Investors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development.
Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS.
The approved project provides approximately:
8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway.
This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero.
BUILT FOR INVESTORS AND DEVELOPERS
The property offers multiple potential exit strategies:
BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements.
BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income.
DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project.
FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility.
The purchaser acquires an opportunity with an approved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction.
The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms.
The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area.
FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures.More details
RC-G ZONED LOT! RARE FIND - no need to apply for rezoning. You can currently build a multi-plex on this. Current zoning typically allows for a 4-plex on this lot (and up to 8 potential total units), this is current lot zoning is expected to stay as RC-G and it is not affected by the City of Calgary’s blanket rezoning repeal.
Considering the expansive lot size (over 9350 sq ft), this can accommodate a 6-plex (and up to 12 potential total units) – subject to necessary approvals. Lot dimension: 75 x 125 (much bigger than the "standard" 50 x 120 lot)
There is currently a freshly renovated, move-in ready home on this lot. The current home comes with a “illegal” basement suite – all ready for rent and immediate income if needed. This location is only about 10 mins from downtown Calgary. Total living space of over 2400 sq ft. Total of 6 Bedrooms.
The upper unit is bright and has total of 3 bedroom; the kitchen is freshly renovated, and the home is freshly painted. The kitchens have quartz countertop and brand-new cabinets as well. The back entrance gives you access to the 3-bedroom basement suite on this walk-out lot. The mechanical room in the basement also has ample space for lots of storage. Total developed space of 1169 sq ft in the basement.
The home is very accessible – under 7 mins drive away from: train station (5 mins away), bus stops (one min away), schools (about 7 schools), library, multiple grocery stores, green spaces, parks, clinic and more. The police station and fire station is about 5 mins drive away.
This home is being sold “AS IS”. You can buy this as a rental property and rent as is or further develop it to build multi-family units on it – your great choices are endless.More details
***LIVE UP, RENT DOWN POTENTIAL!*** Welcome to this BEAUTIFULLY RENOVATED and exceptionally well maintained home in the heart of PENBROOKE MEADOWS! Offering 6 SPACIOUS BEDROOMS, EXTENSIVE UPGRADES, and incredible flexibility, this MOVE IN READY property is an outstanding opportunity for homeowners, growing families, and savvy investors alike! Step inside and fall in love with the BRIGHT, SPACIOUS, OPEN CONCEPT MAIN FLOOR, featuring a welcoming living room, generous dining area, and BEAUTIFULLY UPDATED KITCHEN. The main level also offers 3 GENEROUSLY SIZED BEDROOMS and a RENOVATED FULL BATHROOM, creating a comfortable and functional living space for the whole family. The FULLY DEVELOPED BASEMENT features an ILLEGAL BASEMENT SUITE complete with its own KITCHEN, 3 ADDITIONAL SPACIOUS BEDROOMS, A FULL BATHROOM, AND AN ADDITIONAL HALF BATHROOM! With UPGRADED WINDOWS and the POTENTIAL TO INSTALL A SECOND LAUNDRY SETUP, the lower level offers tremendous possibilities for extended family living or future rental opportunities. THE UPGRADES DON'T STOP THERE! Enjoy NEWER WINDOWS THROUGHOUT THE HOME, A REFRESHED EXTERIOR, HIGH EFFICIENCY FURNACE, AND A NEWER HOT WATER TANK! This property has been lovingly cared for and thoughtfully improved, making it truly MOVE IN READY! Outside, you'll discover a HUGE BACKYARD and an impressive OVERSIZED DOUBLE DETACHED GARAGE with GENEROUS CEILING HEIGHT AND POTENTIAL TO ACCOMMODATE A VEHICLE HOIST! Perfect for car enthusiasts, hobbyists, or anyone looking for extra workspace and storage! Situated in a FANTASTIC LOCATION CLOSE TO SCHOOLS, PUBLIC TRANSPORTATION, SHOPPING, AND EVERYDAY AMENITIES, this home combines convenience, comfort, and outstanding potential. 6 BEDROOMS! BEAUTIFULLY RENOVATED! OVERSIZED DOUBLE GARAGE! INCREDIBLE POTENTIAL! Whether you're looking for a spacious family home or a property with future income possibilities, this one checks all the boxes. Don't miss your chance to own this exceptional home in PENBROOKE MEADOWS! BOOK YOUR PRIVATE SHOWING TODAY!More details
Excellent opportunity for a first-time buyer or investor! This 3-bedroom bungalow offers a fully finished 2-bedroom basement suite (illegal) with a separate entrance, providing excellent flexibility and income potential.
The main level welcomes you with a bright and spacious living room, while the kitchen features white cabinetry, matching appliances, and an extended eating ledge that opens to the dining area. The primary bedroom, two additional good-sized bedrooms, and a full bathroom complete the main floor.
A separate side entrance leads to the fully developed basement, featuring a den, large living room, second kitchen with granite countertops, stainless steel appliances and pantry, two bedrooms, and a 4-piece bathroom.
The home also offers separate laundry, a tankless water heater, roughed-in Vacuflo, and in-floor heating. Additional updates include a roof replaced in 2013 and furnace replaced in 2012.
Conveniently located close to schools, parks, shopping, and public transit, this property offers plenty of potential for homeowners and investors alike.
Don’t miss your opportunity to view this versatile property!More details
Fantastic opportunity in the established community of Southview! This bi-level half duplex offers 4 bedrooms, 2 full bathrooms and excellent investment potential with a legal basement suite. The main level features a spacious living room, a dedicated dining area, a full kitchen, two bedrooms and a 4-piece bathroom. The fully finished legal basement suite has its own separate entrance, full kitchen, two additional bedrooms, a second 4-piece bathroom and a large recreation room. There are two thermostats for heat, however the breaker box is in one of the downstairs bedrooms. With separate laundry facilities on both levels, this property is well suited for investors seeking rental income or homeowners looking to offset their mortgage.
Outside, enjoy a generous front yard and a large fenced backyard, complete with a storage shed and convenient rear lane access. Ideally located close to parks, playgrounds, schools, shopping and everyday amenities, this property offers flexibility, functionality and income potential in an established Calgary neighbourhood. Whether you're looking to expand your investment portfolio or live upstairs while generating rental income downstairs, this Southview property is worth a closer look!More details
Fantastic opportunity to own and live upstairs with income from your legal suite. This 3 bdrm FULLY RENOVATED HOME HAS A LEGAL 2 BDRM AND DEN SUITE DOWNSTAIRS WITH ITS OWN PRIVATE ENTRANCE AND ITS OWN LAUNDRY. 6100 SQ FT LOT, RCG lot, 150 ft deep. There's little to want for in this home. An open floor plan with a NEW KITCHEN, KITCHEN ISLAND, THICK QUARTZ COUNTERS, and NEW BATHS WITH QUARTZ COUNTERS. ALL ELECTRICAL AND PLUMBING REDONE, NEW LIGHTING, NEW DRYWALL, NEW FLOORS, NEW PAINT, NEW CEILINGS, UPDATED WINDOWS THROUGHOUT, NEW VINYL SIDING, NEW ROOF. DBL GARAGE WITH EXTRA PARKING, LONG PAVED DRIVEWAY, 220 VOLT IN THE GARAGE. CLOSE TO ALL TRANSIT AND SHOPPING, 1 km from Deerfoot, 10 mins from downtown Calgary. It's a WIN-WIN in every way that you look at it.More details
Welcome to this beautifully renovated townhome offering exceptional value & modern living with NO CONDO FEES! Backing onto green space ,this home is a great opportunity for first time home buyers looking for a place to call home or investors looking to expand their property portfolio.The main floor features a brand new kitchen with quartz countertops & brand new appliances, along with spacious living & dining area perfect for everyday living & entertaining, a convenient 2-piece bathroom & stylish luxury vinyl plank complete the main level.Upstair you will find three generously sized bedrooms including a spacious primary bedroom with double closets along with a modern 4-piece bathroom featuring contemporary finishes.The fully finished basement offers even more space featuring an additional bedroom, a 4-piece bathroom,& plenty of storage perfect for guests, extended family or extra living space.Further upgrades include all new windows & brand new appliances while front driveway offers convenient parking for two vehicles. Enjoy the convenience of being close to schools ,playgrounds , walking paths ,shopping centres & other everyday amenities.With modern renovations, a fully finished basement, a location backing on to green space , & NO CONDO FEES ,this house has so much to offer , Don't miss this wonderful opportunity!More details
5 BEDROOMS 2.5 BATHROOM BUNGALOW | SEPARATE BASEMENT ENTRY | 2 SEPARATE KITCHEN AND LAUNDRY | Welcome to this fully renovated 5-bedroom home in Penbrooke Meadows, offering modern finishes, upgraded mechanicals, and a functional layout ideal for families, multi-generational living, or investors seeking a turnkey property. The exterior has been completely refreshed with brand-new Hardie Board siding, all new windows, new gutters, and new downspouts—providing long-term durability, improved energy efficiency, and standout curb appeal. Inside, every level of the home has been thoughtfully upgraded with new LVP flooring, new carpet, new baseboards, updated lighting, and high-quality materials throughout. The main floor features a bright living area with large windows and a beautifully renovated kitchen showcasing brand-new cabinetry, quartz countertops, very large kitchen island with plenty of seating, new backsplash, and new stainless-steel appliances. A convenient new set of washer and dryer on the main floor. Three comfortable bedrooms and a fully updated main bathroom complete this level, offering a practical and welcoming space for everyday living. Basement is fully finished to the same high standard making it ideal for extended family. You’ll find two comfortable bedrooms, including a large primary retreat with a private 3-piece ensuite, complemented by another full bathroom ideal for family or guests. The basement kitchen is fully updated with new cabinets, quartz counters, new backsplash, and brand-new appliances, providing flexibility and added value. Separate laundry for basement. A high-efficiency furnace ensures comfort and reduced utility costs year-round. Outside, the private backyard is fully fenced with brand-new fencing, creating a secure and inviting space for children, pets, gardening, or outdoor entertaining. Located close to schools, parks, playgrounds, shopping, transit, and major commuter routes, this home offers exceptional convenience in a family-friendly SE community. With extensive renovations and thoughtful upgrades throughout, 73 Penworth Close SE is truly move-in ready and packed with long-term value.More details
Truly a jewel box home with separate entrance, designed with classy features and thoughtful storage! This corner lot is located on a quiet street with extra parking and a double garage pad in place. Bring your RV home if you'd like and don't worry about sidewalks to shovel. A welcoming high ceiling greets you as you enter the foyer opening into the grand living room. The upper level features a white, clean kitchen with quartz counters and plenty of storage. The dining room patio doors open to the deck creating indoor / outdoor living. From the deck enjoy occasional romantic distant fireworks put on at Elliston Park. The upper level has two bedrooms and a large full bathroom with access from the primary bedroom. The second bedroom is currently being used as an office. The basement is fully finished and open similar to a studio floorplan! A bedroom, recreation room showcasing an electric fireplace and kitchenette is very comfortable and practical! A full bathroom, laundry room, incredible storage and separate entrance complete the awesome basement. The hot water tank has recently been upgraded. (Note: during photo publishing some storage items were virtually removed). The yard is private, fenced with two gates, has a firepit, low maintenance landscaping, multiple areas to entertain and storage. Quick access to Stoney, great shopping and parks in an established community. Book your showing today!More details
Welcome to 60 Erin Mount Crescent, located on a quiet street in the established community of Erin Woods. Offering a refreshed interior, a functional layout, and several important improvements, this home is a great opportunity for buyers looking for comfortable living space with room to make it their own. The interior features fresh paint, updated baseboards, refreshed lighting on the main and upper floors, and an updated front door. These improvements give the home a clean, welcoming feel throughout. The kitchen features shaker-style cabinetry, dark stone countertops, a contemporary tile backsplash, and stainless-steel appliances. With ample cabinet and counter space, it’s well suited for everyday cooking and entertaining. The adjoining dining area enjoys plenty of natural light from large windows overlooking the backyard. A comfortable living room and convenient main-floor half bath complete the main level. Upstairs, you’ll find three well-sized bedrooms and a full bathroom. The primary bedroom features a built-in closet system, while the additional bedrooms offer flexibility for family, guests, or a home office. The finished basement adds valuable living space, with a large recreation room that can accommodate a media area, home office, games room, or play space. The basement also features a professional waterproofing system and sump pump, backed by a transferable 10-year warranty for added peace of mind. Outside, the fully fenced backyard offers a great space to landscape and make your own, with plenty of potential to create an outdoor space that suits your needs. Situated in Erin Woods, the home offers access to nearby parks, schools, everyday amenities, and major routes for commuting around the city.More details
***HUGE PRICE DROP*** Welcome to this extensively renovated bi-level on a spacious corner lot in Erin Woods, offering an exceptional combination of modern finishes, flexible living space, and income potential. Featuring 5 BEDROOMS, 2 FULL BATHROOMS, 2 KITCHENS, SEPARATE LAUNDRY, and an ILLEGAL BASEMENT SUITE WITH A SEPARATE ENTRANCE FROM THE MAIN DOOR, this home is perfectly suited for growing families, multi-generational living, or savvy investors.
The sun-filled main level welcomes you with an oversized front window, side patio doors, and a contemporary FIREPLACE. The open living and dining areas flow beautifully into the brand-new kitchen featuring quartz countertops, sleek white cabinetry, stainless steel appliances, and generous storage. Three spacious bedrooms, an updated 4-piece bathroom, and separate upper-level laundry complete this level.
Downstairs, the bright ILLEGAL SUITE enjoys its own separate entrance from the main door, along with a kitchen, 2 bedrooms, full bathroom, separate laundry, and a second FIREPLACE for added warmth and comfort. The thoughtful layout provides excellent separation between the two living spaces while maintaining flexibility for extended family or mortgage-helper potential.
The fully fenced yard offers ample space for entertaining, children, and pets, while the detached INSULATED GARAGE, previously wired for heating, adds everyday convenience. Close to schools, parks, shopping, transit, and major routes, this extensively renovated property is move-in ready and packed with value. Book your showing today!More details
A bright, inviting home with thoughtful updates, a beautiful yard and room to grow. Welcome to 2035 47 Street SE in the established community of Forest Lawn. With approximately 980 sq. ft. on the main floor, this home offers a comfortable layout with three bedrooms, a full 4-piece bathroom and generous living spaces that make the most of every square foot.
Large windows bring natural light into the living room, creating a welcoming space to relax or gather with family. The spacious kitchen offers room for everyday cooking and dining, while the neutral finishes throughout provide an easy backdrop for your own style.
Downstairs, the developed basement adds valuable space and flexibility. A recreation room offers space for movie nights, hobbies or a second family gathering area, while two additional rooms offer potential for future bedrooms, subject to applicable requirements. A kitchen and 3-piece bathroom are already in place, along with a laundry area, giving buyers a starting point to explore a future mortgage helper, subject to City approvals and any required upgrades.
Outside, the attractive yard provides space to garden, enjoy summer barbecues or simply unwind. Updates to the windows, siding, roof, soffit, fascia and gutters add to the home’s appeal, with the distinctive red and white exterior giving it a welcoming presence.
Set in a convenient southeast location, this property brings together comfortable main floor living, useful outdoor space and a flexible lower level. Whether you are purchasing your first home, making room for extended family or exploring future income potential, this is a home with options for the years ahead.More details
Data was last updated October 21, 2026 at 02:05 PM (UTC)
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