3439 33 Street SW

Calgary, AB T3E 2V3

An exceptional opportunity to secure a DP-approved, shovel-ready multi-family development site in Calgary’s desirable southwest. Approved for 11 units, this thoughtfully designed project includes 5 spacious three-bedroom, 2.5-bath above-grade units, 1 two-bedroom above-grade unit, 3 legal two-bedroom basement suites, and 2 one-bedroom basement suites—a highly efficient unit mix tailored for strong rental income and long-term investment performance. Positioned on a quiet, tree-lined street with rear lane access, the lot offers excellent frontage and depth—ideal for maximizing build efficiency and overall project returns. Located in a rapidly evolving inner-city pocket, the area continues to attract developers and investors due to its proximity to downtown, major transportation routes, schools, and everyday amenities. With the Development Permit already secured, a buyer can significantly reduce entitlement risk and timelines, creating a clear path to construction in an increasingly complex approval environment. This is a key advantage for builders and investors looking to deploy capital quickly and efficiently. The existing bungalow offers approximately 1,100+ sq ft above grade, providing holding income potential to help offset carrying costs during the planning or pre-construction phase. Surrounded by ongoing infill and multi-family development, this location continues to see strong demand from both tenants and end users, reinforcing strong long-term fundamentals and exit potential. A rare opportunity to acquire a high-yield, inner-city development site with approvals in place—build now or hold for future upside.

Listing courtesy of Justin Warthe of Real Broker

Listing information is provided by Participants of the Alberta One Realty Listing Services (Pillar 9). IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Alberta One Realty Listing Services (Pillar 9)
Last checked 2026-04-29 01:52 PM UTC