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7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107

7304 Elbow Drive SW Calgary T2V 1K1 : Kingsland

Main Photo: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
$425,000
Prop. Type:
Land
MLS® Num:
A2201107
Status:
Active
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!
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
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Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure4,305 sq. ft.
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Reg. Size:
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Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
1712474
Ensuite:
No
Garage:
0
Kingsland
Fence
Underground Utility Right of Way
Title to Land:
Fee Simple
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone S
Zoning:
H-GO
Listed Date:
Mar 10, 2025
Days on Mkt:
Listed by MaxWell Capital Realty
Data was last updated April 17, 2025 at 04:05 AM (UTC)

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