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$4,410,000
Est. payment /mo
1.58 Acres Lot
UPDATED:
10/24/2024 07:15 PM
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Subdivision Manchester
MLS® Listing ID A2153210
Originating Board Calgary
Annual Tax Amount $59,161
Tax Year 2023
Lot Size 1.580 Acres
Acres 1.58
Lot Dimensions See Documents
Property Description
Prime multi-residential and mixed use redevelopment site in central Calgary with close proximity to Chinook Mall and Chinook LRT Station! Chinook Mall is western Canada's premier shopping and entertainment destination with over 250 stores. Numerous financial institutions are within a short walk and primary retailers including CIBC, BOM, Home Depot, Marks, Staples and Community Natural Foods. Chinook LRT Station is less than a 10 min walk and being within 600m allows for higher density and reduced parking in a TOD development area. The site is located along 58 Avenue with the area transitioning from low density older industrial buildings into higher density commercial developments evidenced by the new Chinook 58 multi-building retail complex at 2 Street SE. Typical weekday traffic counts are 24,000 vehicles (2019) along 58 Avenue SW and another 18,000 vehicles (2019) along Centre Street South supportive of retail type developments. With the City actively encouraging higher housing density the highest and best use is rezoning for a multi-residential development with retail on the main floor. A nearby commercial property on 59 Ave SW was recently redesignated from C-Cor3 to M-H2 f5.5 h60. An exceptional holding property for approved automotive users with existing leases in place. The property consists of two contiguous parcels 102 58 Ave SW - 0.87 acres and 5724 1 St SW - 0.71 acres. A strong growth area with superior upside potential!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning C-Cor3; I-G
Interior
Inclusions Existing shop building and temporary structure "as is"
Exterior
Fence Fenced
Building
Lot Description Near Shopping Center, Near Public Transit
Others
Restrictions Surface Right of Way,Utility Right Of Way
Ownership Private
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Listed by LB Hubbard Realty Group
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(OCT 09, 2024 - NOV 08, 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 LidijaKiro Seremetkoski
- Definitely will recommend to those who is looking for their new home.Jeric Salazar
- Erica Salazar
Our Team
Realtor
1301 8th Street SW, Calgary, AB, Canada
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.