DEVELOPMENT LAND FOR SALE: Two M-C2 zoned parcels with income generating rental properties

Investment Highlights

• Located in the popular inner-city community of Bankview
• 2 blocks away from the 17 Avenue Entertainment district, Calgary's most priminent commercial corridor
• Convenient access to Downtown Calgary and some of Calgary's tendiest inner-city retail destinations
• Neighbouring community has seen increased mixed-use, multi-residential and infill residential development throughout the last decade
• Located in the hear of one of Calgary's most sought-after rental and condominium markets

Site Details

• Municipal Address: 1505 & 1511 - 21 Avenue SW, Calgary, AB
• Site Area: 10,663 sf of combined site area
• Zoning: M-C2 zoning allows maximum density of 2.5 FAR equating to 26,658 sf of buildable area

Site Features

• The site measures approximately 100 feet in width and 100 feet in depth
• MC-2 zoning allows for the opportunity to develop a purpose build rental or condominium development
• The property is improved with a single tenant house and a 2-storey plus basement 5-plex, allowing a potential developer to generate revenue during the pre-construction phase
• The property features unobstructed views of Downtown Calgary and the Calgary Tower at 3+ stories.