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$ 2,495,000
Est. payment | /mo
0.4 Acres Lot
$ 2,495,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Queen Alexandra
MLS® Listing ID E4416880
Originating Board REALTORS® Association of Edmonton
Year Built 1937
Lot Size 0.400 Acres
Acres 17424.0
Property Description
PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33' x 132' totaling 132' wide x 132' deep for a total of 17,424 sq.ft. Directly south of South Park's approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027. Garage has rental income as well. Site has Residential mixed use zoning and falls within the Strathcona Area Redevelopment Plan which supports 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5. (id:24570)
Location
Province AB
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX Elite