Introducing a versatile commercial property offering endless possibilities, now available! With over 0.5 acres of land and a spacious 10,000+ sq ft building, this income-producing asset sits prominently along Calgary’s TransCanada Hwy, offering unparalleled visibility. Its strategic location near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary makes it an ideal candidate for redevelopment into either a cutting-edge medical clinic or a vibrant strip mall.
Zoned for C-cor 2 and boasting a 5.0 FAR, with a maximum height of 37 meters, this property provides ample room for expansion and innovation. Priced attractively at approximately $52.00 per buildable square foot, it presents an enticing investment opportunity. With an effective gross income of $230,000 annually and a NOI of $100,000 annually, developers and investors will find this property highly appealing.
Whether envisioning a state-of-the-art medical facility catering to the community’s healthcare needs or a dynamic strip mall bustling with shops and services, this property offers the ideal canvas. And with ample parking spaces available, convenience is assured for visitors and tenants alike. Don’t miss out on the chance to bring your vision to life in one of Calgary’s most promising locations! (Please note: The conceptual sketch provided is for illustrative purposes only.)
Property Details
Price:
$5,499,000
MLS #:
A2231429
Status:
Active
Baths:
0
Address:
526 16 Avenue NW
Type:
Commercial
Subtype:
Retail
Subdivision:
Mount Pleasant
City:
Calgary
Listed Date:
Jun 17, 2025
Province:
AB
Postal Code:
204
Lot Size:
22,260 sqft / 0.51 acres (approx)
Year Built:
1963
See this Listing
Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.
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Community
- Address526 16 Avenue NW Calgary AB
- SubdivisionMount Pleasant
- CityCalgary
- CountyCalgary
- Zip CodeT2M 0J4
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526 16 Avenue NW
Calgary, AB
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