$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.
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
Basement
Appliances
Heating
Cooling
Exterior
Construction
Flooring
Foundation
Lot
Security
Cash on cash
-11.34%
Cap rate
3.62%
GRM
16.7
Break-even rent
$24,112
Financing
Operating expenses (monthly)
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.
Halal grocery
3.2 km
~5 min
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
3.8 km
~6 min
Halal restaurant
3.2 km
~5 min
Ishtar Restaurant
4338 Macleod Trl SW Suite 201, Calgary, AB T2G 0A4, Canada
4.5 rating · 638 reviews
3.4 km
~5 min
3.5 km
~6 min
Mosque
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
3.9 km
~6 min
3.9 km
~6 min
Park
Canoe Park
122 Douglas Park Close SE, Calgary, AB T2Z 2B2, Canada
4.0 rating · 3 reviews
10.9 km
~18 min
Douglasdale Ball Park
135 Douglas Park Blvd SE, Calgary, AB T2Z 2M5, Canada
4.3 rating · 3 reviews
11.3 km
~18 min
Douglasdale Point Park
Calgary, AB T2Z 3B3, Canada
4.8 rating · 6 reviews
12.0 km
~19 min
Elementary
Elbow Park School | Calgary Board of Education
721 38 Ave SW, Calgary, AB T2T 2H8, Canada
2.4 km
~4 min
Richmond School | Calgary Board of Education
2701 22 St SW, Calgary, AB T2T 5G5, Canada
2.4 km
~4 min
4331 41 Ave SW, Calgary, AB T3E 1G2, Canada
2.7 km
~4 min
Transit
Chinook LRT Station NB
Calgary, AB T2H 0G6, Canada
4.5 rating · 2 reviews
3.3 km
~5 min
Chinook LRT Station WB
Calgary, AB T2H 0G6, Canada
4.5 rating · 2 reviews
3.4 km
~5 min
Chinook LRT Station EB
Calgary, AB T2H 0G6, Canada
4.1 rating · 27 reviews
3.4 km
~5 min
Mortgage estimate
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.