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$ 3,450,000
Est. payment | /mo
0.34 Acres Lot
$ 3,450,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
Subdivision Crescent Heights
MLS Listing ID A2356038
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Residential Land
Property Description
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.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning MU-1
Direction NE
Interior
Fireplace No
Exterior
Fence Fenced
Garage No
Others
Restrictions None Known
Listed by CIR Realty
Nearby Locations
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