2620 Centre ST NE, Calgary, AB T2E 2V4 A2095775

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Ahmed Arshad

carshaah@gmail.com +1(403) 399-2170

$2,650,000

Est. payment - /mo

0.25 Acres Lot

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UPDATED:

10/19/2024 06:05 PM

Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

Subdivision Tuxedo Park

MLS® Listing ID A2095775

Originating Board Calgary

Annual Tax Amount $33,112

Tax Year 2023

Lot Size 0.255 Acres

Acres 0.25

Property Description

This exceptional 1/4-acre plot of land offers an unparalleled investment opportunity in the booming Calgary real estate market. Just 7 minutes from downtown Calgary, this prime piece of land is strategically situated to provide easy access to the city's vibrant core. The property's proximity to key amenities and entertainment hubs makes it an ideal location for those seeking a dynamic urban lifestyle. Spanning just over 11,000 SQ FT, this expansive lot had DP approval that just expired recently (DP2017-4750 - Conditional) for the construction of up to a 26m tall building with an FAR of 3.7. This gives you just over 40,000 SQ FT of building to work with and the permit allows for 40+ residential units with commercial on the ground floor (final approvals required for specific plans). The approved plans are available for the buyer and open the door for a lucrative investment, allowing you to capitalize on the demand for modern living spaces in this sought-after area. The property is strategically positioned just 2 blocks away from the future Green Line LRT station, ensuring seamless connectivity for residents and potential tenants. This proximity enhances the property's appeal, making it even more attractive for those looking to benefit from Calgary's evolving public transportation infrastructure. Calgary's real estate market is thriving, and this property offers a unique opportunity to capitalize on the growing demand for well-designed, centrally located residences. Average rents in the city continue to trend upwards quickly and Calgary ranks 4th highest in rents for Canada. With the approved plans in place and strategic connectivity, this investment promises both immediate and long-term returns. Don't miss out on this incredible opportunity to add a new multi-family building to your portfolio! Contact us today for more information.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning MU-2 f3.7h26

Exterior

Fence None

Building

Lot Description Back Lane, Cleared, Corner Lot

Others

Restrictions None Known

Tax ID 82749344

Ownership Private

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Listed by Real Broker

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(OCT 22, 2024 - NOV 21, 2024)

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REVIEWS

I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija

Kiro Seremetkoski
Definitely will recommend to those who is looking for their new home.

Jeric Salazar
Erica Salazar

Ahmed Arshad

Realtor

+1(403) 399-2170

carshaah@gmail.com

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.