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431, 425, 423 2 Avenue NE
Crescent Heights Calgary T2E 0E7

$3,450,000
Land

Birds Eye View
Status:
Active
Prop. Type:
Land
MLS® Num:
A2356038
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.
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
15,000 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
1332N
Ensuite:
No
Garage:
No
Northeast
Crescent Heights
N/A
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-1
Listed Date:
Nov 01, 2026
Days on Mkt:
  • Photo 1: 431, 425, 423 2 Avenue NE in Calgary: Crescent Heights Residential Land for sale : MLS®# A2356038
    Birds Eye View
Larger map options:
Listed by CIR Realty
Data was last updated November 5, 2026 at 03:15 PM (UTC)
Area Statistics
Listings on market:
77
Avg list price:
$949,000
Min list price:
$359,000
Max list price:
$45,000,000
Avg days on market:
86
Min days on market:
2
Max days on market:
3,383
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.
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Turner Valley Alberta Information

Turner Valley was a town in the Calgary Metropolitan Region of Alberta, Canada within the Town of Diamond Valley. It is on Highway 22 (Cowboy Trail), 3 km (1.9 mi) west of Black Diamond and approximately 60 km (37 mi) southwest of Calgary. It was named after Robert and John Turner who settled in the area in 1886. _x000D_ The town was once the centre of an oil and natural gas boom. For 30 years, the Turner Valley oilfields were a major supplier of oil and gas and the largest producer in the British Empire. _x000D_ Turner Valley incorporated as a village on February 23, 1930. After 47 years as a village, Turner Valley incorporated as a town on September 1, 1977. On January 1, 2023, the Town of Turner Valley amalgamated with its neighbouring Town of Black Diamond to form the Town of Diamond Valley. _x000D_ On May 25, 2022, the Province of Alberta issued an Order in Council to amalgamate Black Diamond and Turner Valley to form the new Town of Diamond Valley, with an incorporation date of January 1, 2023. _x000D_ This followed decades of talk and a 2007 plebiscite that saw Turner Valley citizens embrace amalgamation and Black Diamond residents reject it. _x000D_ Ultimately, the prospect of efficiencies and possible cost savings of $1 million a year became a major catalyst to approving the merger without a plebiscite. _x000D_ On January 1, 2023, the Town of Black Diamond amalgamated with its neighbouring Town of Turner Valley to form the Town of Diamond Valley. _x000D_ W. Stewart Herron, a rancher from nearby Okotoks, gathered investors from local contacts such as James Lougheed, R.B. Bennett and A.E. Cross. Herron himself lacked the technical expertise to drill Turner Valley’s fossil-fuel that was some 800 m (2,600 ft) underground. Herron recruited drilling expert Archibald Dingman, a 19th-century American veteran from Pennsylvania. _x000D_ On May 14, 1914, A.W. Dingman struck wet natural gas, which produced gasoline. However, in 1920, the main buildings burned to the ground. Herron’s group could not afford to rebuild and operate the site. Imperial Oil bought Calgary Petroleum Products, created a subsidiary named Royalite Oil Co., and rebuilt the plant. _x000D_ The plant ceased operations in 1985 and with the encouragement of a local group, the Turner Valley Oilfield Society, and the most recent owner of the gas plant, the Alberta provincial government, accepted the site as part of its group of historic sites. Since that time Alberta Culture has been at work on the Turner Valley Gas Plant, primarily stabilizing the facility and removing or mitigating the contaminants on the site. In 2014, Alberta Culture held a celebration on May 14, 2014, on the day of the centennial of the discovery of oil on the site. More than 2,000 people attended this full day of events. It is estimated that, along with the $20 million spent on restoring the site, an additional $20 million will be needed to help get the site operational. _x000D_ On May 25, 2022, the Province of Alberta issued an Order in Council to amalgamate Turner Valley and Black Diamond to form the new Town of Diamond Valley, with an incorporation date of January 1, 2023. _x000D_ This followed decades of talk and a 2007 plebiscite that saw Turner Valley citizens embrace amalgamation and Black Diamond residents reject it. _x000D_ Ultimately, the prospect of efficiencies and possible cost savings of $1 million a year became a major catalyst to approving the merger without a plebiscite, and on January 1, 2023, the Town of Black Diamond amalgamated with its neighboring Town of Turner Valley to form the Town of Diamond Valley. _x000D_ In the 2021 Census of Population conducted by Statistics Canada, the Town of Turner Valley had a population of 2,611 living in 1,073 of its 1,133 total private dwellings, a change of 2% from its 2016 population of 2,559. With a land area of 5.75 km2 (2.22 sq mi), it had a population density of 454.1/km2 (1,176.1/sq mi) in 2021. _x000D_ In the 2016 Census of Population conducted by Statistics Canada, the Town of Turner Valley recorded a population of 2,559 living in 1,019 of its 1,066 total private dwellings, a change of 18.1% from its 2011 population of 2,167. With a land area of 5.79 km2 (2.24 sq mi), it had a population density of 442.0/km2 (1,144.7/sq mi) in 2016. _x000D_ The population of the Town of Turner Valley according to its 2015 municipal census is 2,511, a change of 24.2% from its 2008 municipal census population of 2,022. _x000D_ Kananaskis Country, approximately 25 km (16 mi) to the west, offers camping, hiking, cross-country skiing, horseback riding, fishing and bird watching. _x000D_ Recreation venues include the 18-hole semi-private Turner Valley Golf and Country Club, outdoor Dr. Lander Memorial Pool, an outdoor rink and skateboard park, and Friendship Trail, 3 km (1.9 mi) paved link to nearby Black Diamond. _x000D_ Turner Valley was governed by a town council of seven including a mayor and six councillors. The final mayor of the Town of Turner Valley was Barry Crane. _x000D_ Students in kindergarten through grade 6 attend Turner Valley Elementary School. Junior and senior high school students attend Oilfields High School in Black Diamond. _x000D_ _x000D_ Source: https://en.wikipedia.org/wiki/Turner_Valley

Turner Valley Alberta Area Land MLS®

Welcome to our Turner Valley Alberta Land MLS® Search page, where you can explore a diverse selection of Land MLS® listings.

www.FarmForSale.ca is produced by Steve LeBlanc, an experienced Farm and Commercial Realtor®, The search pre-set includes Land listings within a 50 km radius of Turner Valley Alberta, each listing provides detailed insights into the Turner Valley Alberta area.

Whether looking for Farms, Ranch, Land, Commercial or Residential, you will find valuable information about the local community, amenities, and market trends. Our advanced search filters allow you to easily refine your search by location, property type, price range, and more, while interactive maps help you visualize property locations and explore surrounding areas.

Each listing includes comprehensive details, high-quality photos, and key features to assist you in making informed decisions. Additionally, Steve LeBlanc offers insights into the Turner Valley Alberta area real estate market, community highlights, and essential amenities, helping you understand each property’s unique characteristics.

Steve LeBlanc’s years of experience in Farm and Commercial real estate ensure you receive knowledgeable and personalized assistance throughout your buying or selling journey.

Welcome to www.FarmForSale.ca

Steve LeBlanc

Farm | Ranch | Land | Commercial
Alberta & Saskatchewan

Licensed Realtor® | Associate
Marcel LeBlanc Real Estate Inc.

Contact
Phone: 403-391-6447
Email: steve@leblancrealty.ca
Website: www.FarmForSale.ca

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