$1,750,000 FOR SALE

Commercial/Retail

Lot: 15.26 x 40.12 m

121 15th Street
Canmore, AB T1W 1M1

Prime Re-Development Opportunity in Teepee Town This approximately 6,600 square foot lot presents an unparalleled re-development opportunity in the vibrant and evolving Teepee Town area. Currently hosting a three bedroom house with an oversized detached double garage, this property offers immediate rental income potential while you plan your development & apply for permits through the Town of Canmore. One of two side by side lots available for purchase (see listing for 117 15th Street too), this site provides a unique chance to secure a larger development footprint. Acquiring the adjacent lots can significantly enhance your development potential and project scale. Zoned TPT-CR-B, this property is situated in the Teepee Town Comprehensive Redevelopment District, specifically in Sub-District B. The zoning supports diverse residential developments including apartments, stacked townhouses, and townhouses, making it ideal for a high-density residential project. The zoning details allow for a variety of permitted uses such as accessory buildings, accessory dwelling units, attached accessory dwelling units, detached apartment buildings, home occupation (Class 1), open space, public utility, townhouses, and stacked townhouses. Additionally, discretionary uses include bed and breakfast associated with detached dwelling, common amenity housing, cultural establishment, day care, employee housing, home occupation (Class 2), and public buildings. This property’s zoning and location within the Teepee Town Comprehensive Redevelopment District align perfectly with the Teepee Town Area Redevelopment Plan, encouraging residential and mixed-use redevelopment. The area’s redevelopment plan supports the transformation of Teepee Town into a dynamic and desirable neighborhood, with a mix of housing types and community-oriented amenities. A key aspect of this opportunity is the minimum residential density requirement of 66 units per hectare for this sub-distric t. This ensures a robust and efficient use of the land, maximizing development potential and contributing to a vibrant community atmosphere. Purchasing this lot, on it's own or in conjunction with the neighboring lot, offers an extraordinary opportunity to create a significant development project in a prime location. The combined parcels can accommodate a larger-scale development, enhancing your investment return potential. Invest in the future of Teepee Town today and be part of its exciting transformation! (id:47423)

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Listed By RE/MAX Alpine Realty
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2141319
Last Updated Jun 13, 2024
Property Summary
Property Type Commercial/Retail

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Community Teepee Town
Price History
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Detailed Information
Lot 15.26 x 40.12 m
Listing Contract Date 2024-06-13
Municipal ID 0020554417
Ownership Type Freehold
Plan 1095F
Property Type Other
Transaction Type For sale
Zoning Description TPT-CR-B
Building
Age Age is unknown
Size (Exterior) 1097.93 square feet
Total Finished Area 1097.93 sqft
Type Commercial Mix
Land
Total Size 612 square meters
Size of Irregular Land 612.00

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