BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.
Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.
With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,054 sq. ft.97.9 m2
Lot Area:
5,801 sq. ft.539 m2
Lot Frontage:
50'15.2 m
Front Exposure:
West
Levels:
One
Total Rooms Above Grade:
6
Year built:
1953
(Age: 71)
Bedrooms:
3
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
1.0
(Full:1, Half:0)
Plan:
6482GN
Heating:
Forced Air
Basement:
See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Parking Pad, Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 /
-
Laundry Features:
Other
Highland Park (Calgary)
See Remarks
N/A
See Remarks
Floor
Type
Size
Other
Main Floor
Bedroom
11'5"3.48 m × 8'2"2.49 m
Main Floor
Bedroom
9'10"3.00 m × 8'8"2.64 m
Main Floor
Dining Room
10'1"3.07 m × 8'2"2.49 m
Main Floor
Kitchen
11'4"3.45 m × 9'11"3.02 m
Main Floor
Living Room
14'11"4.55 m × 14'5"4.39 m
Main Floor
Bedroom - Primary
11'5"3.48 m × 8'10"2.69 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'3" x 9'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Data was last updated December 12, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$800,000
Min list price:
$164,900
Max list price:
$1,800,000
Avg days on market:
47
Min days on market:
1
Max days on market:
184
Avg price per sq.ft.:
$504.19
These statistics are generated based on the current listing's property type
and located in
Highland Park. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.