1053 Douglas Crescent

Prime Development Opportunity in First Shaughnessy – 1053-1069 Douglas Crescent An exceptional chance to acquire over 1 acre of prime land (45,198 sq. ft.) in the prestigious First Shaughnessy District (FSD), spanning two side-by-side lots. This unique property offers tremendous potential for development, whether as a multi-family site or by converting the existing homes into multiple conversion dwellings (MCD), with the option to add infill units for one or two-family dwellings on each lot. All development plans must comply with current FSD bylaws and the official development guidelines for the area. With one home holding heritage value and the other suitable for redevelopment, this site offers flexibility. Buyers can pursue options for rental income, strata resale, or even a boutique retirement community—an idea that has garnered interest from a renowned local architect who believes the city may be open to such a project, despite the FSD zoning restrictions. Comparable developments in the area, such as 1217 Wolfe, and the nearby 1450 McRae Townhome development (16th & Granville), which sells between $1,700 to $2,000 per sq. ft., further illustrate the strong market potential. Price Guidance: $15.6M This property is not listed on MLS. For more information, please contact us for a detailed info package.