625 2 Avenue

0.62 Acre - Calgary, Alberta T2E 0E9

Development Description

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. nA 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!

Information
Property Type : Commercial
Property Sub Type : Multi Family
Listing Type : For Sale
MLS® : A1179612
Price : C$6, 950, 000
Year Built : 1965
Lot Area : 0.62 Acre
Community : Bridgeland/Riverside
DOM : 107
Price Per SQFT : C$0
Zoning : C-COR1 f4.5h29
Features
Heating System : Baseboard
Parking : 25
Address Map
Location Text : Calgary,  Alberta T2E 0E9
Neighborhood : 55470
Additional Information
School District : 0
Street Dir Suffix : 0
Foundation : 0
Frontage Metres : 12.19
Co List Office Name : 0
Condo Type : Not a Condo
Address Display : 0
Office Name : REAL ESTATE PROFESSIONALS INC.
Agent Name : Donald Lothian
Parking Features : Off street
Street Direction : Se
Mls Status : Active
Standard Status : Active
Strata Maint Fee : C$0
Importer Addon
Gross Taxes : C$0
Property Analytics
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Commercial Multi Family
  • MLS® : A1179612
  • Lot Area : 0.62 Acre
  • Visits : 17 in 111 days
  • REAL ESTATE PROFESSIONALS INC.
C$6,950,000
Contact Agent
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