236 11 Avenue NE

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$719,000

236 11 Avenue NE

Crescent Heights, Calgary · MLS® A2342592

373 m² lot · Land · Vacant Land · 52 days on market

listed by Mike Abou Daher, Real Broker

realtor's description

Rare opportunity to acquire a fully cleared, DP-approved corner Development site in Crescent Heights with approvals in place for 4-units. Zoned R-CG, this property has Development Permit approval for a semi-detached development with legal basement suites, creating four self-contained residential units on one inner-city lot.The approved plans feature two modern attached homes, each offering approximately 1,590 sq.ft. above grade, plus a separate legal basement suite and detached rear garage. With entitlement work substantially completed, this is an exceptional opportunity for builders, developers, and investors seeking to reduce approval timelines and accelerate construction.Located just minutes from downtown Calgary, Centre Street, Edmonton Trail, transit, schools, parks, and the Bow River pathway system, Crescent Heights continues to be one of Calgary’s most desirable and proven inner-city redevelopment communities.Development Permit documentation, approved plans, and supporting information are available upon request. An increasingly rare opportunity to secure a shovel-ready inner-city redevelopment site with four-unit in a premier location.

property details

type: Land, Vacant Land
lot: 373 m²
parking: 0
property tax: $4,176 / yr
days on market: 52
MLS®: A2342592

city assessment

$628,000

2026 assessment · market value as of July 1, 2025

Up 1.6% from $618,000 in 2025
$402,000 in 2016 (56% over ten years)
Asking price is 14% above the assessment
Built 1937
Lot 373 m² (4,017 sq ft)

roll year	assessed
2026	$628,000
2025	$618,000
2024	$562,500
2023	$510,500
2022	$460,000
2021	$446,000
2020	$442,500
2019	$488,000

From City of Calgary open data (property assessments), matched to 236 11 AV NE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $4,176 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $4,176 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$3,481/mo

Mortgage $3,133 · Tax $348

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,133/ monthly

loan $575,200

25-year amortization

down payment20% · $143,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $364,584
land title fees: $1,400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $145,200; down + land title fees
total paid: $939,784

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Crescent Heights, CalgaryGoogle Maps ↗

Rapid transit: City Hall/Bow Valley College CTrain station, 1.8 km (about 28 min walk); Centre Street CTrain station, 1.8 km (about 29 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Stanley Jones School772 m
Secondary · CBE Crescent Heights High School593 m
Elementary · Catholic St. Alphonsus Elementary Junior High School1.2 km
Secondary · Catholic St. Isidore Online School1.3 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

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