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8539 48 Av NW - 8539 48 AVE NW 0.41 Acres of Residential Land Offered at $2,167,534 USD in Calgary, AB T3B 2B1
Investment Highlights
- Heavy traffic
- Prime frontage exposure
- Zoned MU-2 f3.0h16, supporting higher-density mixed-use and multi-residential development opportunities.
- Close to park
- Prime 0.41-acre (±17,986 SF) corner redevelopment site in the highly desirable Bowness community.
- Potential for a 5-storey apartment or mixed-use residential project in an established infill market.
Executive Summary
Property Facts
| Price | $2,167,534 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.41 AC |
| Zoning | MU2 F3.0 H16 - Multi - Family Residential | ||
| Price | $2,167,534 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.41 AC |
| Zoning | MU2 F3.0 H16 - Multi - Family Residential |
1 Lot Available
Lot
| Price | $2,167,534 USD | Lot Size | 0.41 AC |
| Price Per AC | $5,286,668.23 USD |
| Price | $2,167,534 USD |
| Price Per AC | $5,286,668.23 USD |
| Lot Size | 0.41 AC |
18000 SQ FT Corner Lot, walk to Bowness Park or Bow river pathway system, major commuter routes.
Description
Located in the established community of Bowness, this ±0.41-acre corner property presents a rare multi-family redevelopment opportunity in one of northwest Calgary's most active infill markets. The site is currently improved with a two-story residential dwelling, but its primary value lies in the land and redevelopment potential. The property is situated just steps from Bowness Park, the Bow River pathway network, public transit, retail amenities, and major transportation corridors, providing excellent accessibility and strong residential appeal. The site is zoned MU-2 f3.0h16 (Mixed Use - Active Frontage), allowing for higher-density mixed-use development with a floor area ratio of up to 3.0 and a maximum building height of 16 meters. The large corner parcel offers potential for a future multi-family or mixed-use residential project, making it attractive to developers seeking a strategic redevelopment site in Calgary's evolving urban landscape.
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8539 48 Av NW - 8539 48 AVE NW
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