$6,950,000
2640 sqft
Area
1965
Built in
Price Drop! Excellent opportunity to buy now with income to help carry & get ready for the next round of redevelopment in a GREAT Community!! $1,000,000 available in VTB at 5%. It has been rezoned to C-COR 1, FAR 4.5, H 29 meters or 95.15 ft. (9 stories +/-) with a Potential for up to over 150 mixed use units situated directly on Edmonton Trail! Excellent exposure and traffic access! 27,000 sq. ft. of redevelopment land. This project will be an excellent addition to the fantastic inner city community of Bridgeland/Riverside. Easy walk/bike to Bridgeland Amenities, East Village, Downtown, LRT, the Calgary Zoo & the miles of City pathways. (Check the aerial photographs) Site currently has a 24 unit apartment building & an old single family home. This provides some revenue while getting organized to build or holding for awhile. Income/expense details available. A Development Permit Survey was completed in 2015. A shadow study also available. Some Seller financing might be considered. The Application for Land Use Re-Designation is available & provides detailed information on Community and Policy Context as well as one Potential Conceptual Building Summary. Pro-formas on a couple options for redevelopment are also available. PLEASE CLICK ON THE DOCUMENTS TAB or call. Some building examples in pictures. OPEN TO OFFERS! (id:21083) Back
MLS #: A1179612
Courtesy of REAL ESTATE PROFESSIONALS INC.
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Additional Images

Details

Property Type

Multi-family

Building Type

Multi-Family

Built in

1965

Parking Type/Spaces


Building

Floor Space

2640 sqft

Heating/Cooling

Baseboard heaters