PRIME DEVELOPMENTAL OPPORTUNITY! Approved and rezoned M-H1 property in the desirable & mature community of Highland Park. The current M-H1 zoning offers an unparalleled investment opportunity which allows for an 6-8 storey (26 m) multi-residential development with commercial on the main floor. Capitalize on its close proximity and views to downtown Calgary, easy access to the city's vibrant core and future green line LRT, and its immediate income-producing potential as its current residential state. Strategically-located near local landmarks, transportation hubs, parks/playgrounds, and connectivity to both residential and commercial amenities. CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS!
Address
107 40 Avenue NE
List Price
$1,800,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Highland Park
Bedrooms
3
Bathrooms
4
Floor Area
1,231 Sq. Ft.
Lot Size
6824 Sq. Ft.
Year Built
1910
MLS® Number
A2165483
Listing Brokerage
RE/MAX Real Estate (Central)
Basement Area
Finished, Full
Postal Code
T2E 2M6
Zoning
M-H1
Site Influences
City Lot, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights