SELLING PEAKS
Exp Realty, Brokerage

Mid-rise development land opportunity - 206 15 ave ne - Crescent heights, calgary ab

Prime Multi-Family Investment Opportunity in Calgary

Selling Peaks presents a high-potential land development opportunity for investor clients seeking strong long-term returns in a growing urban location. This project offers mid-rise residential development potential with optional commercial retail components.


PROJECT OVERVIEW

THIS PROJECT IS DESIGNED FOR STRONG RENTAL DEMAND, EFFICIENT UNIT MIX, AND HIGH DENSITY DEVELOPMENT POTENTIAL.

  • Property Address: 206 15 Ave NE

  • Lot Size: 9,000 sq ft (approx.)

  • Proposed Buildable Area: ~36,000 sq ft

  • Building Footprint: ~6,000 sq ft

  • Potential Units: 42–46 residential units

  • Construction Type: 6-storey wood construction possible

  • Unit Mix: 1-bedroom and 2-bedroom apartments

ZONING & DEVELOPMENT DETAILS

ZONING: MH1-H22 F4- THIS ZONING PROVIDES FLEXIBILITY FOR MIXED-USE DEVELOPMENT, ENHANCING REVENUE STREAMS AND PROPERTY VALUE.

  • Multi-family apartment development permitted

  • Maximum Height: 22 metres

  • FAR (Floor Area Ratio): 4

  • Allows high-density residential development

  • Option to include commercial retail on main floor

High-Density Development with Strong ROI Potential

Prime development land in a growing residential area with high-density zoning, allowing an estimated 42–46 units in a proposed 6-storey structure. Flexible residential mix, optional ground-floor retail, and efficient parking requirements (0.65 spaces per unit) enhance build efficiency, profitability, and long-term appreciation.

Immediate Cash Flow with Long-Term Value Growth

Existing land assembly includes residential property generating approximately $2,200/month per house in rental income. This provides steady cash flow and holding advantages while planning and executing development.

Strategic Location in High-Demand Rental Market

Situated in a strong housing market with high rental demand, offering scalable development potential, multiple income streams (residential and optional retail), and strong long-term rental yield—ideal for developers, investors, and joint venture partners seeking mid-rise residential opportunities.

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