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Exceptional development opportunity in the heart of Lower Mount Royal. This rare M-C2–zoned offering sits on a large, level L-shaped lot with approximately 39'5" of frontage along 7 Street SW, wrapping around the neighbouring property to provide an additional 24' of width along the side alley—an ideal configuration for design versatility and multiple building options. Land only; the previous structure has been removed, creating a true blank canvas for a custom luxury residence or a standout multi-unit development.The west-facing backyard offers beautiful natural light and the potential for a quiet, private outdoor retreat. All of this is set within one of Calgary’s most walkable and vibrant communities—Lower Mount Royal—just steps from the boutiques and cafés of 17th Avenue, trendy restaurants, groceries, and transit. Enjoy easy access to the MNP Community & Sport Centre, nearby parks, tennis courts, and scenic pathways for an active, healthy lifestyle.A prime inner-city location with outstanding redevelopment potential for builders, architects, or visionaries looking to create something remarkable. (id:65958)
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).
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 15, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.3 km away
7.1 km away
8.5 km away
10.8 km away
Al Madinah Islamic Centre
12.9 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
6.8 km away
6.8 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
8.3 km away
Halal grocery
Amir Halal Meats & Grocery
6.8 km away
Shaheen Grocery, Bakery & Halal Meat
11.3 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.