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5702 - 5716 2 Street SW

Calgary, AB T2H 1Y6
  • $4,380,000
  • STATUS: Active
  • ID#: A2164096
UPDATED: 53 min ago
$4,380,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Vacant Land / Lots
Area:

Description

A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-11-07T22:30:28.35.
www.findingcalgaryhomes.com/homes/154937126
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5702 - 5716 2 Street SW Calgary, AB T2H 1Y6

  • Price: $4,380,000
  • Status: Active
  • On Site: Days
  • Updated: 53 min ago
  • ID#: A2164096
0
Beds
0
Baths
0
½ Baths
0.57
Acres
Neighbourhood:
Manchester
Area:
Calgary
Property Description
A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income.
Exterior Features

Fencing None Frontage Length 60.96M 200`0" Garage YN No

Interior Features

Ensuite YN No

Property Features

Additional Parcels YN No Association YN No Availability Date 2025-02-28T00:00:00.000 Community Features ParkPlaygroundSchools NearbyShopping NearbySidewalksStreet Lights Condo Type Not a Condo Inclusions FridgeStovewasher/dryer Property Sub Type Commercial Land Title Land Fee Simple Transaction Type For Sale Zoning DC

Listing provided courtesy of CIR Realty. © 2024 Pillar 9™. All Rights Reserved.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-11-07T22:30:28.35.
 
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Ezra Malo | RE/MAX First
#115 - 8820 Blackfoot Trail SE
Calgary AB, T2J 3J1 CA