7302 Elbow Drive, Calgary

Residential Land for Sale

7302 Elbow Drive, Calgary, MLS® # A2201113

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!

Contact Dan Salloum About MLS® A2201113

Required Field

Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4

property information

  • Property Type: Residential Land
  • MLS®#: A2201113
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Community Information

  • Address: 7302 Elbow Drive
  • Neighbourhood: Kingsland
  • City: Calgary
  • Postal Code: t2v1k1
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interior

  • Included: Fence
  • Fireplace Details: For Sale
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$425,000

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Listing Courtesy of
MaxWell Capital Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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