1311 1 Street NE, CALGARY

2026-02-26
 

Quick Summary

Location
1311 1 Street NE, CALGARY, Alberta T2E3B6
Price
$800,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
990 sqft
Year of Construction:
1912

MLS®#A2288649

Property Description

Prime inner-city redevelopment opportunity in Crescent Heights.Positioned on a just under 60 x 100 lot and zoned M-CGd72 (Multi-Residential – Contextual Ground Oriented), this property offers exceptional potential for townhomes or a fourplex style development (City of Calgary confirmation required) in one of Calgary’s most sought-after infill communities.M-CG is specifically designed to support ground-oriented multi-residential projects that align with the character of established neighbourhoods — making this an ideal site for builders looking to deliver high-demand product in a proven location.Currently situated on the lot are two connected homes plus a detached garage. A couple of existing tenants provide income to help offset holding costs while development plans are finalized. Whether you choose to hold short-term or move quickly toward redevelopment, the flexibility is there.The location speaks for itself. Just off 16th Avenue and Centre Street NE, this site offers quick access to downtown, major transit corridors, restaurants, retail, and amenities. Crescent Heights continues to see strong buyer demand driven by walkability, skyline proximity, and ongoing area revitalization.This is the type of parcel that rarely becomes available — multi-residential zoning already in place, eliminating much of the uncertainty developers often face.For experienced infill builders/multi-family this represents a strategic acquisition:• Established inner-city neighbourhood• Multi-residential zoning in place• Revenue-generating holding property• Strong resale demand for ground-oriented productOpportunities like this are becoming increasingly scarce in Crescent Heights.Secure the land. Design the vision. Build what the market wants. (id:32467)

Property Features

Building

  • Appliances: See remarks
  • Architectural Style: Bungalow
  • Construction Style: Attached
  • Fireplace: No
  • Interior Size: 990 sqft
  • Building Type: Multi-Family
  • Stories: 1

Land

  • Land Size: 552 m2|4,051 - 7,250 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: M-CG d72

Information entered by Real Broker
Listing information last updated on: 2026-02-26 07:00:35


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.

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What is the deal exactly, with One Percent Realty?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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