# 431, 425, 423 2 Avenue NE, Calgary, AB

![Photo 1 of lot at 431, 425, 423 2 Avenue NE, Crescent Heights, Calgary](https://calgaryremax.com/photos/431-425-423-2-avenue-ne-calgary-crescent-heights-lot-for-sale-mls-a2356038-1.jpg)

$3,450,000

MLS® A2356038 · Crescent Heights

## About 431, 425, 423 2 Avenue NE

Exceptional opportunity to acquire a high-density development site strategically located just off Edmonton Trail at 423, 425 and 431 – 2 Avenue NE. Featuring 125 feet of frontage along 2 Avenue NE and street/laneway access on three sides, this prominent land assembly offers outstanding development flexibility. ZONED MU-1f5.0h26- the property permits a 5.0 FAR, offering approximately 75,000 sq. ft. of potential gross floor area and a maximum building height of 26 metres (approx eight storeys), subject to municipal approvals. Ideal for a substantial multi-residential or mixed-use development. Located in Crescent Heights at the gateway to Bridgeland, within the Bridgeland Business Improvement Area (BIA), the property is steps from vibrant restaurants, cafés, shops and Edmonton Trail, with excellent proximity to downtown Calgary, public transit, the Bridgeland/Memorial LRT station and Bow River pathways. Significant pre-development work has been completed, including DP drawings prepared by the previous owner for a proposed 79-unit, six-storey residential building featuring one- and two-bedroom suites. Phase I Environmental Site Assessment and geotechnical reports have also been completed. At 431 – 2 Avenue NE, asbestos abatement and house demolition are complete, while 423 and 425 – 2 Avenue NE remain leased, providing interim rental income during development planning. A rare opportunity to secure a high-density, development-ready investment site with substantial planning work completed, existing rental income and exceptional inner-city connectivity in one of Calgary's most desirable emerging urban districts. (id:67882)

## How 431, 425, 423 2 Avenue NE compares to Crescent Heights

- Listed 10 days, against a Crescent Heights average of 60 days.

## Lot details

**Property type**

Vacant Land

**Taxes**

$12,647 / year

**Days on market**

10

Listing courtesy of CIR Realty.

Listing information last updated November 2, 2026.

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**Derek Little** REALTOR® · REMAX House of Real Estate

## Book a showing with Derek

Your request goes to Derek Little, REALTOR® with REMAX House of Real Estate, who can show you this home. Listing courtesy of CIR Realty.

[Call 403-690-4960](tel:+14036904960)[Text 403-690-4960](sms:+14036904960)

## Map of 431, 425, 423 2 Avenue NE, Crescent Heights

## Quick answers about Crescent Heights real estate

**What's the average home price in Crescent Heights, Calgary?**

As of November 12, 2026, the median asking price for the 45 homes for sale in Crescent Heights is $589,900. Asking prices range from $188,000 to $3,500,000.

**How long have homes in Crescent Heights been on the market?**

As of November 12, 2026, homes for sale in Crescent Heights have been listed for an average of 60 days.

**What's the cheapest home for sale in Crescent Heights right now?**

The lowest-priced home for sale in Crescent Heights is 303, 222 5 Avenue NE at $188,000, a 1 bedroom condo.

**What's the price per square foot in Crescent Heights?**

The median asking price per square foot in Crescent Heights is $458, across 42 homes with a listed floor area.

**Who is a REALTOR® that works in Crescent Heights?**

Derek Little is a REALTOR® with REMAX House of Real Estate serving Crescent Heights and the rest of Calgary. Phone: 403-690-4960.

## Similar homes for sale in Crescent Heights

[![Photo 1 of lot at 420 & 422 Meredith Road NE, Crescent Heights, Calgary](https://calgaryremax.com/photos/420-422-meredith-road-ne-calgary-crescent-heights-lot-for-sale-mls-a2334930-1.jpg) $3,500,000 420 & 422 Meredith Road NE, Crescent Heights](https://calgaryremax.com/calgary/crescent-heights/420-422-meredith-road-ne-mls-a2334930/)

Listing courtesy of Premiere Realty Direct [![Powered by REALTOR.ca](https://calgaryremax.com/powered-by-realtor-ca.svg)](https://www.realtor.ca/)

REMAX House of Real Estate · Listing data from CREA's DDF®. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.