4220 Centre Street NE Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2E2Y9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,054 sqft
Price per Sqft $925
Subdivision Highland Park
MLS Listing ID A2181615
Style Bungalow
Bedrooms 3
Year Built 1953
Lot Size 5,801 Sqft
Property Description
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. (id:24570)
Location
Province AB
Interior
Heating Forced air
Cooling None
Flooring Laminate
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
Fence Not fenced
View Y/N No
Building
Story 1