LOADING

625 2 Avenue Ne Calgary, Alberta T2E 0E9

2640 sqft
Baseboard Heaters

$6,950,000

Price Drop! Excellent opportunity to buy now with income to help carry & get ready for the next round of redevelopment in a GREAT Community!! $1,000,000 available in VTB at 5%. It has been rezoned to C-COR 1, FAR 4.5, H 29 meters or 95.15 ft. (9 stories +/-) with a Potential for up to over 150 mixed use units situated directly on Edmonton Trail! Excellent exposure and traffic access! 27,000 sq. ft. of redevelopment land. This project will be an excellent addition to the fantastic inner city community of Bridgeland/Riverside. Easy walk/bike to Bridgeland Amenities, East Village, Downtown, LRT, the Calgary Zoo & the miles of City pathways. (Check the aerial photographs) Site currently has a 24 unit apartment building & an old single family home. This provides some revenue while getting organized to build or holding for awhile. Income/expense details available. A Development Permit Survey was completed in 2015. A shadow study also available. Some Seller financing might be considered. The Application for Land Use Re-Designation is available & provides detailed information on Community and Policy Context as well as one Potential Conceptual Building Summary. Pro-formas on a couple options for redevelopment are also available. PLEASE CLICK ON THE DOCUMENTS TAB or call. Some building examples in pictures. OPEN TO OFFERS! (id:26237)

Property Details

MLS® Number A1179612
Property Type Multi-family
Community Name Bridgeland/Riverside
Parking Space Total 25
Plan D

Building

Basement Type Unknown
Constructed Date 1965
Heating Type Baseboard Heaters
Size Exterior 2640 Sqft
Size Interior 2640 Sqft
Total Finished Area 2640 Sqft
Type Multi-family

Parking

Other

Land

Acreage No
Size Depth 20.12 M
Size Frontage 12.19 M
Size Irregular 26950.00
Size Total 26950 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac)
Size Total Text 26950 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac)
Zoning Description C-cor1 F4.5h29

https://www.realtor.ca/real-estate/24014623/625-2-avenue-ne-calgary-bridgelandriverside

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Donald C. Lothian
Associate

(403) 540-1813
(403) 547-6150
lothianrealty.ca

Real Estate Professionals Inc.
202, 5403 Crowchild Trail N.w.
Calgary, Alberta T3B 4Z1

(403) 547-4102
(403) 547-6150

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