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A2254308 - 2240 35 Street SW, Calgary, Alberta T3E 2X8




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See VIDEO! Attention developers, investors, and visionaries—this is the opportunity you’ve been waiting for. Welcome to 2240 35 Street SW, a rare 50 ft × 120 ft CORNER lot in the heart of Killarney, one of Calgary’s most desirable and fastest-growing inner-city communities. Priced at just $999,900, this property combines location, zoning, and long-term potential into a package that is truly unmatched.
Currently home to a classic bungalow property (handyman special and being sold AS-IS), the real value here lies in the land and the endless possibilities it offers. With R-CG zoning already in place, you could build up to 4 townhouses, each with its own legal basement suite, subject to City of Calgary permits and approval. That’s a potential of up to 8 doors total—ideal for creating a profitable multi-family rental portfolio, selling individual townhouses, or holding as a long-term asset under CMHC’s MLI Select program, which offers 75–95% financing with amortizations of up to 50 years for qualifying projects.

Neighbourhood demand is strong. New townhouses in Killarney have recently been selling in the low- to mid-$800s each. With multiple units plus additional suite income, this lot presents a compelling opportunity for future development. Buyers are encouraged to complete their own due diligence to confirm resale values, rental potential, and project viability.**

Why Killarney? This vibrant community is minutes from downtown and offers everything today’s buyers and renters are looking for. You can walk to shops, cafés, and restaurants along 17th Avenue and Marda Loop, enjoy convenient daily amenities at Westbrook Mall and surrounding shops, and benefit from quick access to Westbrook C-Train Station, Bow Trail, and Crowchild Trail for effortless commuting. Lifestyle amenities nearby include the Killarney Aquatic & Recreation Centre, Shaganappi Point Golf Course with its skyline views, and numerous parks and schools.

This lot’s corner exposure provides superior design flexibility and curb appeal for future builds, while its established location ensures strong resale and rental demand. Adding to its appeal, the property backs onto a paved alley—a practical upgrade over gravel lanes that enhances access, cleanliness, and future garage design.

Whether you choose to redevelop immediately or hold for the future, this property represents a secure, high-potential investment in one of Calgary’s most attractive inner-city districts. Opportunities like this are rare. 2240 35 Street SW is more than just a piece of land—it’s the foundation for your next successful project.

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ESSENTIAL
MLS®:A2254308
Price:985,000.00
Type:Residential
Sub Type:Detached
Style:Bungalow
Lot Size:5,997 sq. ft.
Levels:One
Total Sqft:1124.68 Sqft.
RestrictionsEncroachment
DOM60
INTERIOR SNAPSHOT   
Baths Full:2
Baths Total:2
Bedrooms:4
Rooms Above:6
Flooring:Carpet, Linoleum
Heating:High Efficiency, Forced Air, Hot Water, Natural Gas
Basement:Full
Suite:Yes


COMMUNITY DETAILS
Address:2240 35 Street SW, Calgary, Alberta T3E 2X8
City:Calgary
Subdivision:Killarney/Glengarry
County:Calgary
Province:Alberta
Postal Code:T3E 2X8
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1952
Structure Type:House
Foundation:Poured Concrete
Frontage:15.24M 50`0"
Roof:Asphalt Shingle
Zoning:R-CG
Construction:Vinyl Siding, Wood Frame
Parking Total:4
ROOM DIMENSIONS


Community Features: Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Inclusions: N/A
Lot Features: Back Lane, Back Yard, Cleared, Corner Lot, Landscaped, Low Maintenance Landscape, Paved, Rectangular Lot, Square Shaped Lot
Parking Features: Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Side, Paved, Secured
Patio And Porch Features: Deck



Courtesy: RE/MAX First


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Killarney/Glengarry Housing Trends


Real Estate Listings: 57
Highest Price: $1,700,000.00
Lowest Priced: $189,000.00
Average Price: $886,845.56
Land: 1
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FAQs about 2240 35 Street SW, Calgary,
Alberta, T3E 2X8

2240 35 Street SW MLS® A2254308 has an approximate size of 1,125 Sq. Ft. located in Killarney/Glengarry.

Nearby schools include read Schools & resources

There are 4 bedrooms and 2 bathrooms in this Residential listing at 2240 35 Street SW, MLS® A2254308.

This Residential listings is priced at $985,000.

This property is located at 2240 35 Street SW, Calgary, Alberta, T3E 2X8 in the Killarney/Glengarry community on the market for 60 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Killarney/Glengarry community resources page.