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Investment signal

$3,450,000

2135, 2139, 2143 50 Avenue SW

Beds

9

Baths

5

Sqft

Year

1961

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

North Glenmore Park Land Assembly for Sale | 150’ x 138’ Apartment/ Multi Family Development Opportunity in CalgaryA rare 150’ x 138’ land assembly in North Glenmore Park, Calgary presents a premier multi-parcel redevelopment opportunity ideally suited for a 5-storey apartment building, subject to city approval. Comprised of three adjacent properties offered together, this site creates a scalable, high-impact development opportunity in one of Calgary’s most desirable inner-city communities. Located in the highly sought-after North Glenmore Park neighbourhood, each parcel measures approximately 50’ x 139’, forming a combined footprint well-suited for mid-rise multifamily development. The flat site topography, corner influence, and south-facing rear exposure support efficient building design, strong unit layouts, and optimal natural light — key drivers for rental performance and long-term asset value. From a developer’s perspective, the configuration and location strongly support a 5-storey purpose-built rental or condominium project, aligning with ongoing demand for inner-city multifamily housing in Calgary. Opportunities to assemble this scale of land in North Glenmore Park are extremely limited, making this a strategic acquisition for developers targeting long-term hold assets or build-to-sell projects. While the existing homes provide holding income potential, the primary value is in the land assembly and its ability to accommodate higher-density redevelopment in a mature, high-demand location surrounded by quality infill and established residential homes. This North Glenmore Park development site benefits from exceptional surrounding amenities that enhance both livability and tenant demand. Central Memorial High School and Altadore School are located nearby, while North Glenmore Park and the Glenmore Reservoir offer year-round recreation including pathways, the Calgary Canoe Club, Calgary Rowing Club, tennis courts, cross-country skiing, skating trails, and pic nic areas. Additional nearby amenities include Glenmore Athletic Park and the Glenmore Aquatic Centre, providing strong community infrastructure that supports long-term rental demand. The property is located approximately 8 minutes from downtown Calgary, with direct access via Crowchild Trail and Glenmore Trail, ensuring excellent connectivity for future residents. For developers and investors seeking a Calgary land assembly for a 5-storey apartment building, this offering stands out due to its size, configuration, location, and redevelopment potential. The combination of oversized lots, south-facing exposure, corner positioning, and inner-city proximity creates a rare opportunity to deliver a high-quality multifamily project in one of Calgary’s most established and desirable neighbourhoods. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
North Glenmore Park
Common interest
Freehold
Living area
3,925 square feet
Lot size
1,928.93 square meters
Lot dimensions
1928.93
Bedrooms
8 above grade, 1 below grade
Parking
6 total
Stories
1
Fireplace
2
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$16,797 (2025)
Zoning
R-CG
Photos
18
MLS#
A2302642
Area
CALGARY_SW

Features and systems

Parking

Detached GarageOtherOversize

Basement

FinishedFullSeparate entranceSuite

Appliances

See remarks

Heating

Forced air

Cooling

None

Exterior

StuccoWood siding

Construction

Wood frame

Flooring

CarpetedLinoleum

Foundation

Poured Concrete

Lot

See remarksBack laneLevel

Security

Smoke Detectors
Negative cash flow ~$6,519/mo at these assumptions

Cash on cash

-11.34%

Cap rate

3.62%

GRM

16.7

Break-even rent

$24,112

Financing

Down payment$690,000
Loan amount$2,760,000
Mortgage$16,932/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,581
Insurance$80
Maintenance$2,875
CapEx reserve$1,438
Vacancy loss$863

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby this address

Schools, halal food/grocery, mosques, parks, transit, and daily errands. Toggle categories to compare what actually matters from this address.

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HAL

Halal grocery

  1. Khalid Halal Meat & Grocery

    4515 Macleod Trl SW, Calgary, AB T2G 0A5, Canada

    4.7 rating · 108 reviews

    3.2 km

    ~5 min

  2. FOOD WORLD Halal Meat and Grocery

    1916 37 Street SW, Calgary, AB T3E 3A3, Canada

    3.8 rating · 162 reviews

    3.8 km

    ~6 min

  3. Empire Provisions

    8409 Elbow Dr SW, Calgary, AB T2V 1K8, Canada

    4.7 rating · 414 reviews

    3.8 km

    ~6 min

EAT

Halal restaurant

  1. The Food Chemist - Chinook

    156 58 Ave SW, Calgary, AB T2H 0A2, Canada

    4.7 rating · 688 reviews

    3.2 km

    ~5 min

  2. Ishtar Restaurant

    4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada

    4.5 rating · 638 reviews

    3.4 km

    ~5 min

  3. Alibaba Kabob House Inc

    1602 14 St SW, Calgary, AB T2T 0C3, Canada

    4.4 rating · 465 reviews

    3.5 km

    ~6 min

MSQ

Mosque

  1. Jerusalem Shawarma - Richmond Road

    5255 Richmond Rd SW #480, Calgary, AB T3E 1E5, Canada

    4.6 rating · 1,991 reviews

    3.5 km

    ~6 min

  2. Kingsland Community Association

    505 78 Ave SW, Calgary, AB T2V 0T3, Canada

    4.3 rating · 69 reviews

    3.9 km

    ~6 min

  3. South Jamatkhana

    4531 Manitoba Rd SE, Calgary, AB T2G 4B9, Canada

    4.7 rating · 29 reviews

    3.9 km

    ~6 min

PRK

Park

  1. Canoe Park

    122 Douglas Park Close SE, Calgary, AB T2Z 2B2, Canada

    4.0 rating · 3 reviews

    10.9 km

    ~18 min

  2. Douglasdale Ball Park

    135 Douglas Park Blvd SE, Calgary, AB T2Z 2M5, Canada

    4.3 rating · 3 reviews

    11.3 km

    ~18 min

  3. Douglasdale Point Park

    Calgary, AB T2Z 3B3, Canada

    4.8 rating · 6 reviews

    12.0 km

    ~19 min

EL

Elementary

  1. Elbow Park School | Calgary Board of Education

    721 38 Ave SW, Calgary, AB T2T 2H8, Canada

    2.4 km

    ~4 min

  2. Richmond School | Calgary Board of Education

    2701 22 St SW, Calgary, AB T2T 5G5, Canada

    2.4 km

    ~4 min

  3. St. Andrew School

    4331 41 Ave SW, Calgary, AB T3E 1G2, Canada

    2.7 km

    ~4 min

TRN

Transit

  1. Chinook LRT Station NB

    Calgary, AB T2H 0G6, Canada

    4.5 rating · 2 reviews

    3.3 km

    ~5 min

  2. Chinook LRT Station WB

    Calgary, AB T2H 0G6, Canada

    4.5 rating · 2 reviews

    3.4 km

    ~5 min

  3. Chinook LRT Station EB

    Calgary, AB T2H 0G6, Canada

    4.1 rating · 27 reviews

    3.4 km

    ~5 min

Mortgage estimate

Estimated $16,932/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

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