pillar/IMG-A2330043_1.jpg
90 days on Market

2028 43 St, Calgary, Alberta T2B1H3

Detached
3
2
~1395.00 sqft
$•••,•••
$614,900
Get pre-qualifiedPowered by nesto
Detached
3
2
~1395.00 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market90 days

Estimated valueNot available

Price/Sqft$440/sqft

Monthly cost

Open Calculator

Description

RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTION Investors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development. Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS. The approved project provides approximately: 8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway. This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero. BUILT FOR INVESTORS AND DEVELOPERS The property offers multiple potential exit strategies: BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements. BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income. DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project. FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility. The purchaser acquires an opportunity with an approved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction. The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms. The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area. FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures.


Property Details

Style3 Level Split
View-
Age of property1961
SqFt~1395.00 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2330043
Community NameForest Lawn
Data SourcePILLAR 9
Listing byURBAN-REALTY.ca

Features

Heating: Forced Air,Natural Gas
Basement: Full,Finished,None

Main Floor

Bonus Room

119`9" x 22`4"

Living Room

161`9" x 175`10"

Entrance

65`11" x 36`5"

Kitchen

103`8" x 127`8"


Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property listed by URBAN-REALTY.ca, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Forest Lawn

Geo Zone Map ThumbnailForest Lawn

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2025

10 days

2024

31 days

2023

24 days

New Listings

Past 30 days

5 listings

Compared to

2025

12 listings

2024

14 listings

2023

12 listings

Units sold

Past 30 days

3 units

Compared to

2025

2 units

2024

5 units

2023

9 units

Median Sold Price

Past 30 days

$518,000

Compared to

2025

$437,500

2024

$500,000

2023

$430,000


Population and Demographics

Overview

Total population 7270
Average household income $80,302

Age (%)

0 to 19
23%
20 to 34
20%
35 to 49
21%
50 to 64
24%
65 and plus
13%

Household composition (%)

Single family
50%
Single person
35%
Multi person
15%
Multi family
1%

Mother tongue (%)

English
72%
Vietnamese
7%
Tagalog (Pilipino, Filipino)
6%
Others
4%
Arabic
4%
Spanish
2%
French
1%

House tenancy (%)

Renters
62%
Owners
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget