Elveden Terrace: A Unique Development Opportunity in Springbank Hill
Springbank Hill, a vibrant and rapidly developing area in Calgary, is becoming a sought-after destination for both residential and commercial developments. With its stunning landscapes, proximity to downtown, and an array of amenities, this neighbourhood offers a unique blend of luxury and convenience. Among the various opportunities emerging in Springbank Hill, Elveden Terrace stands out as a rare and exceptional chance for developers and investors alike. This 2.87-acre parcel of land, currently available through a Court of King’s Bench judicial sale, has been previously approved for a 14-lot bare land condominium development, making it a prime investment opportunity.
Current Real Estate Landscape in Springbank Hill
Springbank Hill is witnessing a dynamic shift in its real estate market, driven by increasing demand for luxury homes and upscale living. Property values in the area have been on an upward trajectory, reflecting its growing appeal. The community has become a hotspot for high-end residential developments, attracting buyers seeking a serene yet connected lifestyle. Various new developments continue to surface like Elveden Terrace, we will get into that more below!
The residential landscape in Springbank Hill is diverse, catering to a wide range of preferences, from single-family homes to multi-family units. This variety ensures that there is something for everyone, whether you’re a young professional, a growing family, or someone looking to downsize into a luxury villa.
Abby Farm
One of the standout developments in Springbank Hill is Abby Farm, a high-end villa community developed by Calgary’s premier luxury home builder, Rockwood Custom Homes. This development has successfully tapped into the market’s need for upscale, low-maintenance living, particularly among baby boomers. Abby Farm offers a lock-and-leave lifestyle, perfect for those who value both luxury and convenience. The villas are designed with meticulous attention to detail, providing residents with the best in modern living while being surrounded by natural beauty. What Rockwood was able to accomplish here, poses great ideas to mirror for that of Elveden Terrace and other Springbank Hill future developments.
Aspen Spring
Aspen Spring is another exciting development in the area, offering a variety of housing types to suit different lifestyles and budgets. From luxury single-family homes to modern townhomes, this development is poised to become a key residential hub in Springbank Hill. The builders involved in Aspen Spring are known for their commitment to quality and innovation, ensuring that each home is constructed to the highest standards. The price points in Aspen Spring are varied, making it accessible to a broader range of buyers. The development’s location is also strategic, offering easy access to major roads and amenities while still maintaining a sense of seclusion and tranquility.
Elkton Pointe Estates
For those with discerning tastes, Elkton Pointe Estates presents a rare opportunity to build custom homes on massive ridge lots with breathtaking views of the Rocky Mountains. These estate lots are among the most sought-after in Calgary, offering unparalleled privacy and exclusivity. The development is designed to cater to those who wish to create their dream home in a location that combines natural beauty with luxurious living. The unique positioning of Elkton Pointe Estates on the ridge ensures that each home enjoys unobstructed views and a connection to the surrounding landscape that is truly unmatched.
Commercial Opportunities
While residential developments are the primary focus in Springbank Hill, the area also holds potential for commercial projects. With the growing population and increasing demand for amenities, there are opportunities for new retail and office spaces. These commercial developments would not only serve the local community but also attract businesses looking to establish a presence in a thriving neighbourhood. The potential for mixed-use developments, where commercial spaces are integrated with residential areas, could further enhance the appeal of Springbank Hill as a live-work-play destination.
Community Amenities and Infrastructure
Springbank Hill is not just about luxury homes and commercial potential; it’s also a community rich in amenities and infrastructure that make it a highly desirable place to live. The area is well-served by schools, parks, and transportation links, ensuring that residents have everything they need within easy reach.
Access to Nature and Recreation
One of the key attractions of Springbank Hill is its proximity to nature. The neighbourhood is surrounded by parks, pathways, and recreational facilities that offer residents ample opportunities to enjoy the outdoors. Whether it’s a morning jog along the scenic pathways or a family picnic in one of the local parks, the natural beauty of Springbank Hill is a constant presence in the lives of its residents. These green spaces not only enhance the quality of life but also add to the overall appeal of the area, making it a sought-after location for those who value an active, outdoor lifestyle.
Educational Institutions
Springbank Hill is home to some of the best educational institutions in Calgary, making it an ideal place for families. The area boasts a range of schools, from elementary to high school, as well as proximity to several prestigious colleges. The quality of education in Springbank Hill is a major draw for families, ensuring that children have access to top-notch learning environments. This focus on education further solidifies the neighbourhood’s reputation as a family-friendly community that prioritizes the needs of its residents.
Future Development Plans
As Springbank Hill continues to grow, several upcoming projects and city plans are set to influence its future development. These initiatives will shape the neighbourhood’s landscape, creating new opportunities for both residential and commercial growth.
Zoning Changes and Regulations
One of the key factors that will impact development in Springbank Hill is the recent changes in zoning regulations. The Calgary blanket rezoning initiative, which came into effect recently, has significant implications for homeowners and developers in the area. This rezoning allows for greater flexibility in land use, enabling more diverse and higher-density developments. For homeowners, this means potential increases in property value as their land becomes more attractive to developers. For developers, the new zoning regulations open up possibilities for innovative projects that align with the city’s vision for sustainable growth. Understanding these changes is crucial for anyone looking to invest in Springbank Hill, as they will play a pivotal role in shaping the area’s future.
Investment Opportunities: Elveden Terrace and Elmont Heights
Springbank Hill presents numerous investment opportunities for those looking to capitalize on its growth. The area’s strong demand for luxury homes, coupled with the new zoning regulations, makes it an attractive destination for developers. Among the standout opportunities is the Elveden Terrace parcel, a 2.87-acre piece of land that is now available through a Court of King’s Bench judicial sale.
Elveden Terrace
Elveden Terrace is a prime example of the unique opportunities available in Springbank Hill. This parcel of land, previously approved for a 14-lot bare land condominium development, is shovel-ready, making it an ideal investment for developers looking to start a project quickly. The judicial sale offers a rare chance to acquire this land at a potentially lower cost, adding to its appeal. Given the demand for luxury homes in the area and the established approval for development, Elveden Terrace represents a high-potential investment that could yield significant returns.
If you are able to acquire the land at the listing price, you are likely 2x as far ahead already with this prime, ready-to-go location. Not to mention the great amount of possibilities that exist for Elveden Terrace, like the one you see pictured below.
36 Elmont Drive
In addition to Elveden Terrace, there is also the possibility of a smaller 6-lot development at 36 Elmont Drive. This site offers a more intimate development opportunity, perfect for those looking to create a boutique residential project. Like Elveden Terrace, 36 Elmont Drive benefits from its prime location in Springbank Hill, ensuring that any development here will attract strong interest from buyers.
Conclusion
Springbank Hill is a neighbourhood on the rise, with its blend of luxury living, natural beauty, and development potential making it one of Calgary’s most desirable areas. The opportunities for investment in Springbank Hill are vast, with Elveden Terrace standing out as a particularly attractive option for developers. As the area continues to grow and evolve, those who invest now are likely to see substantial returns in the future.
Whether you’re looking to build your dream home or seeking a profitable development project, Springbank Hill offers something for everyone. Don’t miss out on the chance to be a part of this thriving community—explore the possibilities today and take the first step towards making your vision a reality with this premiere opportunity in Elveden Terrace!