UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 992.0
Square Footage 992 sqft
Price per Sqft $1,005
Subdivision Richmond
MLS Listing ID A2272923
Style Bungalow
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1950
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Detached
Property Description
Prime Inner-City Redevelopment Lot in Marda Loop | Contiguous Site to R-CG / DP-Approved 16-Unit Project. A rare opportunity to secure a premium redevelopment lot in Marda Loop, directly contiguous to an R-CG zoned, DP-approved 16-unit assembly next door—approved for 8 upper units (each 3 bedrooms + 2.5 bathrooms) and 8 legal basement suites (each 1 bedroom + 1 bathroom). Together, these properties create one of the most compelling and scalable multi-family development offerings currently available in Calgary's inner city. This parcel sits in one of Calgary's most sought-after and highest-performing infill markets, surrounded by modern new builds, premium amenities, and exceptional long-term growth fundamentals. Offering generous frontage and depth, mature landscaping, and convenient rear-lane access, this lot is an outstanding candidate for future land assembly expansion, higher-density redevelopment, or holding income while executing long-term development plans. With consistent buyer and investor demand in Marda Loop for new townhomes, suite-enabled designs, and multi-unit housing, this site provides developers with multiple pathways to unlock significant value. Whether purchased individually or as part of the larger DP-approved 16-unit development, this parcel enhances project scale, construction efficiencies, and potential profitability—ideal for builders aiming to maximize density and optimize margins. Opportunities to secure side-by-side inner-city lots in core redevelopment corridors are extremely limited. Positioned minutes from downtown, major transit routes, top-rated schools, parks, boutique retail, and some of Calgary's best restaurants and cafés, this is a blue-chip land hold with both immediate and future upside.
Key Highlights:
Directly contiguous to an R-CG zoned, DP-approved 16-unit project (Upper units: 3 bedrooms + 2.5 bathrooms & Legal suites: 1 bedroom + 1 bathroom, Ideal for higher-density redevelopment, land assembly expansion, or long-term investment, Located in Marda Loop—one of Calgary's strongest and most active redevelopment districts, Rare opportunity to secure side-by-side redevelopment lots in a high-demand area, Strong future resale and absorption potential for multi-family or premium infill product, Rear-lane access, mature trees, and a generous building envelope, High-value land hold with rental income from the existing structure, Walkable to Marda Loop amenities with quick access to downtown, transit, parks & schools, A Strategic Addition to Calgary's Most Valuable Development Opportunity
This contiguous lot significantly enhances the scale, flexibility, and profitability of the R-CG / DP-approved 16-unit project next door—or stands alone as a prime redevelopment site in one of Calgary's most desirable urban neighbourhoods. Secure this exceptional Marda Loop redevelopment parcel today and build on one of the city's most proven growth corridors.
Location
Province AB
County Cal Zone Cc
Community Schools Nearby, Sidewalks, Street Lights
Area Cal Zone Cc
Zoning R-CG
Direction SW
Rooms
Basement Full
Interior
Interior Features See Remarks
Heating Forced Air
Cooling None
Flooring Hardwood, Laminate, Linoleum
Inclusions None
Fireplace Yes
Appliance None
Laundry Laundry Room
Exterior
Exterior Feature Awning(s), Private Entrance
Parking Features None, On Street
Fence Fenced
Community Features Schools Nearby, Sidewalks, Street Lights
Roof Type Tile
Porch Deck
Total Parking Spaces 1
Garage No
Building
Lot Description Back Lane, Back Yard, Corner Lot, Front Yard, Gentle Sloping, Irregular Lot, Landscaped, Treed
Dwelling Type House
Faces S
Story One
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Restrictions None Known
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