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+1 587-340-6367
Royaltors Group
1392143 50 Avenue Southwest, Calgary, Alberta T2T2W5
Listing courtesy of Real Broker.
- $3,450,000
- 9
- BD
- 5
- BA
- 3,925
- SqFt
- List Price
- $3,450,000
- MLS®
- A2302642
- Days on Market
- 194
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 9
- Bathrooms
- 5
- Living Area
- 3,925
- Lot Size Dimensions
- 1928.93
- Lot Size
- 1,928
- Subdivision
- North Glenmore Park
Property Description
150' x 138' LAND ASSEMBLY IN NORTH GLENMORE PARK | THREE ADJACENT PARCELS OFFERED TOGETHER | SUITED TO A 5-STOREY APARTMENT, SUBJECT TO CITY APPROVAL | FLAT SITE, CORNER INFLUENCE, SOUTH-FACING REAR | HOLDING INCOME FROM EXISTING HOMES | 8 MINUTES TO DOWNTOWN. Assembling this much land in North Glenmore Park is close to impossible; here it has already been done for you. Three adjacent properties, each approximately 50' x 139', are offered together to create a combined 150' x 138' footprint well-suited to a mid-rise purpose-built rental or condominium project, subject to city approval. The flat topography, corner influence and south-facing rear exposure support efficient building design, strong unit layouts and optimal natural light, the drivers of rental performance and long-term asset value. The existing homes provide holding income while entitlements proceed, but the primary value is the assembly itself and its capacity for higher-density redevelopment in a mature, high-demand inner-city location surrounded by quality infill. Surrounding amenities drive tenant demand: Central Memorial High School and Altadore School nearby; North Glenmore Park and the Glenmore Reservoir with pathways, the Calgary Canoe Club, Calgary Rowing Club, tennis courts, cross-country skiing, skating trails and picnic areas; plus Glenmore Athletic Park and the Glenmore Aquatic Centre. Downtown is approximately 8 minutes away via Crowchild Trail and Glenmore Trail. For developers and investors targeting a Calgary multifamily site with scale, configuration, exposure and location, this is a strategic acquisition for a long-term hold or build-to-sell project. (id:5764)
Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- North Glenmore Park
- Parking Spaces
- 6
- Construction Materials
- Wood frame
- Fireplaces
- 2
- Cooling
- None
- Country
- Canada
- Flooring
- Carpeted, Linoleum
- Heating
- Forced air
- Lot Features
- See remarks, Back lane, Level
- Architectural Style
- Bungalow
- Stories
- 1
- Lot Size
- 1,928
