Listing Details

For more information on this listing or other please contact me.

Courtesy of Michael Pavone of RE/MAX Elite.
Data was last updated 2024-11-23 at 14:42:23 GMT

10541 81 AV NW   Edmonton, AB

$2,495,000
MLS®: E4396531
PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE.  EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33? x 132?. Total site measures 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. Garage has rental income as well.  Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.

PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33? x 132?. Total site measures 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. Garage has rental income as well. Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.

Listing Information

Prop. Type:
Land (Commercial)
Status:
Active
City:
Edmonton
MLS® Number:
E4396531
Neighbourhood:
Queen Alexandra
Area:
Edmonton
Province:
AB
Listing Price:
$2,495,000

General Information

Year Built:
1937
Zoning/Land Use Code:
For Sale
Region:
Edmonton

Additional Information

Plan:
I26
Legal Block:
48
Legal Lot/Unit:
9

Other Information

Land Size Acres:
0.4
Land Size Hectares:
0.16
Building Type:
Mixed Use, See Private Remarks

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This property is listed by Michael Pavone of RE/MAX Elite and provided here courtesy of SUNNYSIDE REALTY LTD. For more information or to schedule a viewing please contact SUNNYSIDE REALTY LTD.
SUNNYSIDE REALTY LTD
Phone: 780-674-5998
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.