An exceptional permit-ready infill development opportunity in Calgary's rapidly revitalizing Forest Lawn corridor. This 50' x 122' R-CG lot includes a fully approved Development Permit for two modern duplexes featuring eight self-contained residential units, plus four detached garages.
Each duplex offers approximately 1,270 sq. ft. above grade with an additional 500 sq. ft. of developed legal basement space, maximizing rental income potential and long-term value. Approved building plans and DSSP are included, allowing the new owner to move directly toward construction.
All major City approvals have been secured, eliminating entitlement and rezoning risk while significantly reducing project timelines, consultant fees, and soft costs. The purchaser only needs to obtain a partial Building Permit before commencing construction. To facilitate a seamless transition, the seller will assist with obtaining both the Demolition Permit and the partial Building Permit.
Strategically located just minutes from International Avenue (17th Avenue SE), public transit, schools, shopping, parks, and major commuter routes, this property benefits from strong neighbourhood revitalization, increasing demand, and excellent long-term growth potential.
This opportunity is ideally suited for:
Build-to-sell developers seeking attractive resale margins.
Long-term investors expanding their rental portfolio.
Developers pursuing a CMHC MLI Select financing strategy.
Investors looking for a shovel-ready, high-density infill project in one of Calgary's most active redevelopment corridors.
With approvals already in place, this is a rare opportunity to acquire a construction-ready multi-family development site offering substantial time savings, reduced development risk, and strong rental and resale fundamentals.
Joint venture opportunities are also available and open for discussion with qualified investors.
Data was last updated July 18, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$493,950
Min list price:
$115,000
Max list price:
$679,000
Avg days on market:
37
Min days on market:
13
Max days on market:
333
Avg price per sq.ft.:
$506.59
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.