81 Av Nw Unit 10541

For Sale 52 Days
$2,595,000

81 Av Nw Unit 10541

For Sale 52 Days
$2,595,000

Highlights

Key insights

Description

CURRENTLY IN THE PROCESS OF REZONING TO 23 METER HEIGHT GOOD FOR 6 STORIES OF DEVELOPMENT & F.A.R of 4.5 !!!. PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AND UNIVERSITY AREA! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue and University Area. This site is 4 lots measuring 33’ x 132’ totaling 132’ wide x 132’ deep, for a TOTAL OF 17,424 sq.ft. Directly south of South Park’s approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027 (May be able to relocate tenant sooner if needed). Garage has rental income as well. Site currently has Residential mixed use zoning (MU h16 f3.5 cf). with existing very high density of FAR 3.5. (id:55581)

Michael A. Pavone of RE/MAX Elite,
#E4447775
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Location
  • Subdivision
    Queen alexandra
Lot/ Land Details
  • Lot dimensions
    17424
Overview
  • Lot size (acres)
    0.4093985
  • Listing #
    E4447775
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28606647/10541-81-av-nw-edmonton-queen-alexandra
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-6,920

/ Month
25 Years fixed, 20% down payment, % interest
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