Exceptional INVESTMENT and REDEVELOPMENT opportunity in the heart of Hillhurst! Held by the same owner for 56 years, this property offers a rare opportunity to acquire a well-established commercial holding along one of the community’s most commercially active corridors. The approximately 60-foot-wide double lot features a level, fully usable rectangular site with a standalone building of approximately 1,400 SF, excellent exposure to 14th Street NW, ample on-site parking, additional rear access and parking, and an existing pylon sign base. The property boasts a strong rental history, providing established income while future plans are considered. Zoned C-COR2 f2.8 h16, the site offers attractive potential for future redevelopment, subject to City approvals. This evolving urban corridor reinforces the long-term appeal of a property offering both current income and future development potential. Secure a rare Hillhurst investment with established rental income, strategic commercial frontage, and the opportunity to unlock future value through redevelopment. A compelling addition to any investor’s portfolio.
Essential information
MLS® number
A2354797
Status
Active
Price
$1,650,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
None Known
Building area
1,400 sq ft
Lot size
7,405 sq ft
Year built
1963
Structure
Low Rise (2-4 stories)
Listing brokerage
RE/MAX Key
Source
Pillar 9™ MLS® System
Exterior and construction
Construction
Concrete
Roof
Flat
Lot features
Back Lane, City Lot, Level, Near Public Transit, Paved, Street Lighting
Zoning
C-COR2
Parking
Total parking
8
Commercial
Lease term remaining
6 months
Community
City
Calgary
Province
AB
Postal code
T2N 1Z7
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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12 photos$1,400,000115, 270 Nolanridge Crescent NW, Calgary
