$3,450,000 Sale

Listed 9 hours ago

431, 425, 423 2 Avenue NE

MLS® a2356038 Vacant Land

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$13,088/mo

Key Facts

Key facts for 431, 425, 423 2 Avenue NE

Property Type

Lots/Land

Parking

Garage: No, 0 parking

MLS #

A2356038

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 f...lexibility. 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. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Exterior

Acreage

15000 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Parking Spaces

Garage Spaces Y/N

Zoning Description

MU-1

Acreage

15000 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Parking Spaces

Garage Spaces Y/N

Zoning Description

MU-1

Building Description

Home Type

Lots/Land

Subtype

Vacant Land

Home Type

Lots/Land

Subtype

Vacant Land

Community

Crescent Heights

Area Code

Calgary

Community

Crescent Heights

Area Code

Calgary

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Rom Houtstra

Email: rom@romrealty.com Cell: 250-317-6405