FANTASTIC opportunity to acquire a well-located development site in Calgary’s evolving inner-city community of Ramsay. Located at 1123/1125 8 Street SE, this 33x148 site(both together - 66x148) features newly approved HGO (Housing – Grade-Oriented) zoning and a preliminary design for a 28-unit multi-family project. This lot also has the potential for subdivision into 2 - 33x74 lots (east/west) with City approvals. Seller would prefer both sold together or may consider seperate sales. City planning meetings have been completed and are supportive, with development approval drawings able to be prepared quickly for submission. The nearly 10,000 sq. ft. parcel offers dual street access from 8 Street SE and Maggie Street to the west. Our proposed concept respects the neighborhood’s historic character while delivering modern, attainable inner-city housing. Ideally situated steps from Red’s Diner and within walking distance to Stampede Park, the BMO Centre, and the Culture and Entertainment District, including the future SAM Centre and Inglewood’s vibrant retail and nightlife. Ramsay continues to benefit from public and private reinvestment, making this an attractive long-term opportunity. With potential CMHC MLI Select eligibility, this project offers enhanced financing options while contributing to Calgary’s growing rental housing needs. Come have a look today and make us an offer!
Data was last updated January 9, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
4,035
Avg list price:
$549,900
Min list price:
$135,000
Max list price:
$13,500,000
Avg days on market:
52
Min days on market:
1
Max days on market:
832
Avg price per sq.ft.:
$399.74
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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