Ramsay Development Site for sale: 28 Unit Multi Family Development Site (Listed 2025-04-08)

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• Property Value$1,695,000
• Property Address1123 and 1125 - 8 Street SE, 28 Unit Multi Family Development Site, Calgary, Ab, Canada
• TypeDevelopment Site
• StyleMulti-family Development Site
• ParkingTo Be determined
• Year BuiltN/A LAND
• Taxes$6,044

• Lot Frontage66 ft
• Lot Depth150 ft
• Lot Size Area9,899 sq.ft.

Ramsay

1123 and 1125 - 8 Street SE, 28 Unit Multi Family Development Site, Calgary, Ab, Canada

Description

Prime Inner-City Development Opportunity in Ramsay
An exceptional opportunity to secure a well-located development site in one of Calgary’s most dynamic and evolving inner-city neighborhoods. Positioned at 1123/1125 8 Street SE, this parcel offers the rare advantage of newly approved HGO zoning (Housing – Grade-Oriented), with a preliminary design concept in place for a 28-unit multi-family project.

The proposed development is thoughtfully designed by a long-time Ramsay resident and architect, incorporating key elements of the community’s character and historic charm. The vision respects the area's roots while offering a modern housing solution that aligns with the future of inner-city living.

This site is ideally located just steps from Red’s Diner and within easy walking distance to Stampede Park, the expanding BMO Centre, and Calgary’s exciting Culture and Entertainment District — including the upcoming SAM Centre and all the energy of the Inglewood retail and nightlife corridor. Whether for future tenants or owners, this location offers unbeatable urban connectivity paired with a vibrant community setting.

Ramsay is a neighborhood in transition — seeing ongoing public and private reinvestment, including new housing, infrastructure upgrades, and streetscape improvements. The area is maturing gracefully, with careful additions that aim to maintain the neighborhood’s unique character while supporting its long-term growth.

With potential alignment for CMHC’s MLI Select program, this project offers developers a chance to pursue enhanced financing options, including longer amortizations and reduced debt service requirements, while contributing to Calgary’s much-needed rental housing supply.

Whether you’re an experienced developer or a builder looking for your next signature project, this property delivers location, community, design potential, and long-term upside.