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2135, 2139, 2143 50 Avenue SW
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Calgary · Single Family · under $3,750,000 · 8+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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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)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 22.58 Ft x 12.75 Ft | |
| Kitchen | 10.50 Ft x 12.00 Ft | |
| Bedroom | 12.92 Ft x 15.58 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Recreational, Games room | 11.42 Ft x 18.58 Ft | |
| Storage | 32.67 Ft x 18.83 Ft | |
| Storage | 6.58 Ft x 3.75 Ft | |
| Family room | 21.25 Ft x 14.17 Ft | |
| Recreational, Games room | 11.50 Ft x 32.08 Ft | |
| Storage | 15.50 Ft x 15.17 Ft | |
| Furnace | 6.58 Ft x 7.50 Ft | |
| 3pc Bathroom | 6.58 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6.50 Ft x 11.83 Ft | |
| Living room | 37.83 Ft x 11.83 Ft | |
| Kitchen | 12.42 Ft x 14.08 Ft | |
| Family room | 15.42 Ft x 27.17 Ft | |
| Sunroom | 11.17 Ft x 11.08 Ft | |
| Primary Bedroom | 12.17 Ft x 12.75 Ft | |
| Bedroom | 12.17 Ft x 9.33 Ft | |
| Bedroom | 9.00 Ft x 9.25 Ft | |
| 4pc Bathroom | 6.42 Ft x 12.75 Ft | |
| Dining room | 6.50 Ft x 12.17 Ft | |
| Living room | 10.75 Ft x 15.25 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.21%
Cap rate
3.62%
GRM
16.7
Break-even rent
$21,009
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 8, 2026.
| Dining room | 10.42 Ft x 11.58 Ft |
| Kitchen | 11.92 Ft x 6.92 Ft |
| Primary Bedroom | 12.00 Ft x 9.25 Ft |
| Bedroom | 12.00 Ft x 9.25 Ft |
| 3pc Bathroom | 6.92 Ft x 8.25 Ft |
| Living room | 15.50 Ft x 15.17 Ft |
| Kitchen | 15.92 Ft x 14.00 Ft |
| Storage | 6.83 Ft x 4.00 Ft |
| Primary Bedroom | 15.00 Ft x 11.17 Ft |
| Bedroom | 11.58 Ft x 10.58 Ft |
| Bedroom | 11.67 Ft x 7.92 Ft |
| 3pc Bathroom | 6.83 Ft x 7.25 Ft |
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.