625 2 Avenue Ne Calgary, Alberta T2E 0E9
$6,950,000
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:20868)
Property Details
| MLS® Number | A1179612 |
| Property Type | Multi-family |
| Community Name | Bridgeland/Riverside |
| Parking Space Total | 25 |
| Plan | D |
Building
| Basement Type | Unknown |
| Constructed Date | 1965 |
| Heating Type | Baseboard Heaters |
| Size Exterior | 2640 Sqft |
| Size Interior | 2640 Sqft |
| Total Finished Area | 2640 Sqft |
| Type | Multi-family |
Parking
| Other |
Land
| Acreage | No |
| Size Depth | 20.12 M |
| Size Frontage | 12.19 M |
| Size Irregular | 26950.00 |
| Size Total | 26950 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Size Total Text | 26950 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | C-cor1 F4.5h29 |
https://www.realtor.ca/real-estate/24014623/625-2-avenue-ne-calgary-bridgelandriverside
Interested?
Contact us for more information
Donald C. Lothian
Associate
(403) 547-6150
lothianrealty.ca
202, 5403 Crowchild Trail N.w.
Calgary, Alberta T3B 4Z1
(403) 547-4102
(403) 547-6150
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March 31 2022 09:31:43
Calgary Real Estate Board
Real Estate Professionals Inc.