C3302936 South Calgary Calgary
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Specifications
- Listing Number :
- C3302936
- Price :
- $1,225,000
- Property Type:
- Residential
- City:
- Calgary
- Community:
- South Calgary
- Bedrooms:
- 1
- Full Baths:
- 6
- Half Baths:
- 0
- Floor Space:
- 3,014 ft�
- Lot Size:
- 915.343 m�
Description
Attention Builders/Investors: Almost 10,000 sq. ft. of RM-4 land in rapidly-redeveloping Marda Loop/South Calgary w/ some downtown views; Up to 13 units possible w/ great potential for downtown views & roof-top patios; City has expressed acceptance towards front-ramp access (this may allow for a parkade design which could eliminate expensive shoring of the site, and would also allow for larger building footprint); Comes with architect-designed DP plans for a high-end 8-unit townhouse development; Under new 2007 Land Use Bylaw, extra heights & reduced building setbacks may be achievable; Land has a bungalow & 5-suiter (on 2 titles) which generate $62,460 gross per annum; Considering the strong rents on both properties, this could be an excellent leveraged Buy, Hold & Build property! Call for extra details or to view plans. (Please do not disturb tenants)
Brokered by DISCOVER REAL ESTATE LTD.
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