1403 12 Street SW, Calgary, Alberta, T3C1B3 Calgary AB CA

A Rare Land Assembly Opportunity in an Urban-Residential setting is for sale in the heart of the Beltline. On the corner of 14th Avenue and 12th Street SW, the site overlooks a green space to the north, expansive downtown vistas to the east and is walking distance to amenities including 17th Avenue SW to the south. If Sold together with 1407 12 Street SW (MLS # A1218993) the assembled site is 75ft x 130ft. The current land use classification is Centre City Multi-Residential High-Rise (CC-MH) which allows five times (FAR 5) a total buildable area of 48,800 sqft. An increase to FAR 7, a total buildable area of 68,362 sqft, may be attainable by including amenities as per the City of Calgary Land Use Bylaw 192007, Sec.11, Div 7. As either a Purpose Built Rental or as a Unit For Sale development, the site may accommodate a variety of building forms in either concrete or wood frame. A City of Calgary Pre-Application Review was completed in January 2023. The review is based on a proposed 49-unit development consisting of 7 townhomes and 42 apartment-style homes over underground parking. The Pre-Application Review is available for your review upon acceptance of a Non-Disclosure Agreement (NDA). As a Holding Property, 1403 operates as a character home converted to Offices and residential suites. In addition, 1407 is currently owner occupied and has been used as a residential rental property. It is rare to find a property in a desirable urban-residential development setting with potential to accommodate a variety of personal Investment and Development opportunities. Please review the Property Brochure attached in supplements. Find out more about this property. Request details here