$ 2,790,000
1505/1511 21 AVE SW Calgary, AB T2T 0M8
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$ 2,790,000
Est. payment /mo
Price Dropped by $490K
1505/1511 21 AVE SW Calgary, AB T2T 0M8
10,662 Sqft Lot
UPDATED:
11/21/2024 03:35 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bankview
MLS® Listing ID A2125887
Originating Board Central Alberta
Year Built 1912
Annual Tax Amount $10,114
Tax Year 2023
Lot Size 10,662 Sqft
Acres 0.24
Property Description
For additional information, please click on the Brochure button below. M-C2 Development Downtown (30+ unit potential) with current 5 Plex & character house. Bankview Development Site adjacent to Downtown Calgary and Mt. Royal communities. New development will enjoy fantastic unobstructed VIEW OF DOWNTOWN & CALGARY TOWER from the 3rd to 5/6th story. Four x 25ft lots total, with ~ 100 x 107 ft. Total Site Area: 10,663 sq.ft. ZONING M-C2 - Multi-Residential - Contextual Medium Profile with FAR 2.5 and 16m height allows up to 5 story build with +/- 30 UNITS depending on unit size within the ~26,658 sq.ft. of developable area. Build a long term rental or condo multi-family building. EXAMPLE: with 30 x 800 sq.ft. units @ $450k ea. = $13,500,000 REDEVELOPMENT POTENTIAL. Current rental income ($93k/year) from 1912 double brick renovated Victorian 1&1/2 story house with detached garage and greenhouse + 1960s 2 ½ storey 5-plex (4x900 sq ft 2 beds, 1x600 sq ft 1 bed) to support holding with good rental income. Drive by viewing welcome, please do not disturb tenants. Street address(s) are 1505 & 1511 - 21 Avenue SW, Calgary, AB - Plan 1696L Lots 12, 13, 14, 15. ~20 MIN WALK TO DOWNTOWN Kirby CTrain (Free Fare Zone) or short drive / bike ride. Excellent development site on quiet 21st avenue near many parks but close connection to major transport arteries like Crowchild trail. Walkable site near Mt. Royal Jr. High School, only a 4 min walk (2 blocks) to Uptown 17th Avenue and 14th Street arts, culture, dining, and other amenities. Some photos are artist renditions for potential use.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Others
Restrictions Encroachment
Tax ID 82938664
Ownership Private
Listed by Easy List Realty