RARE MU-1 CORNER SITE — 50x120 FT ON MONTGOMERY'S RISING MAIN STREET. Shovel-worthy redevelopment opportunity in one of Calgary's most active inner-city growth corridors. This high-exposure corner parcel carries MU-1 f3.0 h16 zoning — 3.0 FAR, 16m height — allowing 18,000+ sq ft of buildable area (subject to design and city approval). With a 176-unit condo development already underway directly across the street, the density, foot traffic, and momentum are arriving now.
THE CORNER ADVANTAGE: Dual street frontage unlocks superior architecture — activate both facades with retail bays, a signature multifamily entrance, or street-oriented townhomes. Corner exposure means natural light on two sides, efficient site access, and lasting visual prominence — a combination increasingly rare in inner-city Calgary.
FLEXIBLE MU-1 ZONING: Build mid-rise residential (12–18 units), mixed-use with retail at grade, live/work units, or boutique office/medical — a format aligned with Calgary's Municipal Development Plan and adaptable to changing market demand.
A NEIGHBOURHOOD MAIN STREET ON THE RISE: Designated in Calgary's MDP for public investment and infrastructure improvement, surrounded by shops, parks, schools, transit, and the Bow River Pathway. Strong absorption in adjacent developments confirms built-in demand from professionals, families, and downsizers seeking urban living outside the core. Location, zoning, exposure, and timing — this corner checks every box for your next infill project.
Data was last updated August 15, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$720,450
Min list price:
$350,000
Max list price:
$5,550,000
Avg days on market:
48
Min days on market:
1
Max days on market:
221
Avg price per sq.ft.:
$479.03
These statistics are generated based on the current listing's property type
and located in
Montgomery. 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™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.