Description

NEW PRICE! ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Exceptional M-C1 redevelopment opportunity in the heart of Forest Lawn, offered together with adjacent 1831 43 Street SE for a total package price of $1,098,000. Together, the properties create a rare 100' x 122' land assembly totaling over 12,000 sq.ft., just one block from International Avenue (17 Ave SE). The assembly sits roughly 150m from the 44 St SE MAX Purple BRT station and benefits from a transit-supportive 25% parking stall reduction for multi-residential development under Calgary's Land Use Bylaw. No relaxation application is required based on the site's proximity to transit, which can materially improve site efficiency and future development potential. Zoned M-C1, this site offers excellent flexibility for builders and investors seeking multi-residential redevelopment potential in an established inner-city location. Large development parcels with approximately 100 feet of combined frontage are increasingly difficult to find. The existing structure at 1827 is not habitable and is being sold for land value only. Adjacent 1831 43 Street SE contains a livable owner-occupied bungalow that may provide interim holding value while redevelopment plans are pursued. Minutes from downtown Calgary, transit, shopping, restaurants, schools and major commuter routes. PROPERTY MUST BE PURCHASED TOGETHER WITH 1831 43 STREET SE. TOTAL ASSEMBLY PRICE: $1,098,000.

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The Real Estate District

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