BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community. (id:47423)
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Detailed Information
Bedrooms
3
Bathrooms
1
Lot
15.24 x 35.36 m
Amenities Nearby
Park, Playground, Schools, Shopping
Features
See remarks, Other, Back lane
Listing Contract Date
2024-12-03
Municipal ID
0013273339
Ownership Type
Freehold
# of Parking Spaces
2
Plan
6482GN
Property Type
Single Family
Structures
None
Transaction Type
For sale
Zoning Description
R-CG
Building
Appliances
See remarks
Architectural Style
Bungalow
Basement Type
See Remarks
Constructed Date
1953
Construction Material
Wood frame
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Stucco
Flooring Type
Laminate
Foundation Type
Poured Concrete
Heating Type
Forced air
Stories Total
1
Total Finished Area
1054 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Bedroom
Main level
11.42 Ft x 8.17 Ft
4pc Bathroom
Main level
9.83 Ft x 6.25 Ft
Bedroom
Main level
9.83 Ft x 8.67 Ft
Dining room
Main level
10.08 Ft x 8.17 Ft
Kitchen
Main level
9.92 Ft x 11.33 Ft
Living room
Main level
14.92 Ft x 14.42 Ft
Primary Bedroom
Main level
11.42 Ft x 8.83 Ft
Parking Spaces
Name
Spaces
Parking Pad
Detached Garage
1
Land
Total Size
5801 square feet
Amenities
Park, Playground, Schools, Shopping
Fence Type
Not fenced
Size of Irregular Land
5801.00
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