408 3 Avenue NE, Calgary, Alberta

$1,529,900

0.28

Acres

About 408 3 Avenue NE

Introducing an exceptional development land opportunity, nestled in the highly sought-after Crescent Heights neighborhood and adjacent to the trendy Bridgeland area. This prime piece of land measures a total of 100 ft x 120 ft and is zoned M-C2, offering tremendous potential for development. With a Floor Area Ratio (FAR) of 2.5 and no density limit, this property presents an ideal canvas for constructing an apartment or condo building. The assembly comprises three lots with separate titles, consisting of one 50 ft lot and two 25 ft lots. This configuration allows for flexibility in design and layout. The location offers convenient access with a man-door entrance off 3rd St NE and a parkade entrance accessible from the southeast corner of the lot on 3rd Ave. Notably, the ground-level views of the city are nothing short of phenomenal. Theres a vacant 50 ft lot, a vacant 25 ft lot, and an infill property that is currently rented for $1,900 per month. The addresses for the lots (must be sold together) are 404, 406, and 408 3 Ave NE, respectively. This arrangement provides both immediate income and flexibility for development. Situated in an incredible inner-city location, this property offers the convenience of being within walking distance to the picturesque river pathways, the vibrant Downtown Core, the thriving East Village, and a wide range of desirable amenities. Whether you seek recreational activities, cultural attractions, or dining and shopping options, everything is within reach. The seller is flexible on possession, allowing for a smooth transition for potential buyers. Don't miss this remarkable opportunity to acquire a prime development land in Crescent Heights, offering unlimited potential and an enviable location. Act now and make your mark in this vibrant and desirable community.

MLS® # A2065292
Price $1,529,900
Bathrooms 0.00
Lot Size 12,000
Type Land
Sub-Type Residential Land
Status Active

Community Information

Address 408 3 Avenue NE
Subdivision Crescent Heights
City Calgary
Zone Zone CC
Province Alberta
Postal Code T2E 0H6

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Back Yard, Cul-De-Sac, Irregular Lot, See Remarks, Rolling Slope, Sloped

Additional Information

Date Listed July 12th, 2023
Days on Market 322
Zoning M-C2

Listing Details

OfficeRE/MAX REAL ESTATE (CENTRAL)

Listing Map

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