Zoocasa Realty Inc., Brokerage

431, 425, 423 2 Ave Ne, Calgary, AB

Name: 431, 425, 423 2 Ave Ne, For Sale in Calgary - Zoocasa
Brand: CIR Realty
SKU: A2356038
Price: 3450000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$3,450,000

000

MLS® A2356038

Overview

Key Facts

Type Residential Land

Levels Land

Size -

Garage

Taxes

Days Active 10

Lot Size 0.34 Acres

Approx. Age

MLS® Number A2356038

Property Address: 431, 425, 423 2 Ave Ne, Calgary, AB, T2E0E7

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a high-density development site strategically located just off Edmonton Trail at 423, 425 and 431 – 2 Avenue NE. Featuring 125 feet of frontage along 2 Avenue NE and street/laneway access on three sides, this prominent land assembly offers outstanding development flexibility. ZONED MU-1f5.0h26- the property permits a 5.0 FAR, offering approximately 75, 000 sq. ft. of potential gross floor area and a maximum building height of 26 metres (approx eight storeys), subject to municipal approvals. Ideal for a substantial multi-residential or mixed-use development. Located in Crescent Heights at the gateway to Bridgeland, within the Bridgeland Business Improvement Area (BIA), the property is steps from vibrant restaurants, cafés, shops and Edmonton Trail, with excellent proximity to downtown Calgary, public transit, the Bridgeland/Memorial LRT station and Bow River pathways. Significant pre-development work has been completed, including DP drawings prepared by the previous owner for a proposed 79-unit, six-storey residential building featuring one- and two-bedroom suites. Phase I Environmental Site Assessment and geotechnical reports have also been completed. At 431 – 2 Avenue NE, asbestos abatement and house demolition are complete, while 423 and 425 – 2 Avenue NE remain leased, providing interim rental income during development planning. A rare opportunity to secure a high-density, development-ready investment site with substantial planning work completed, existing rental income and exceptional inner-city connectivity in one of Calgary's most desirable emerging urban districts.

MLS® NumberA2356038

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

N/A

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $562,000 and $4,894,000.

Similar properties in this area sold on average for: $562,916

Expected to sell in 6 days. Similar properties sold in 16 days. This home has been on Zoocasa for 10 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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