2620 Centre Street NE, Calgary, Alberta

$2,650,000

0.25

Acres

About 2620 Centre Street NE

This exceptional 1/4-acre plot of land offers an unparalleled investment opportunity in the booming Calgary real estate market. Just 7 minutes from downtown Calgary, this prime piece of land is strategically situated to provide easy access to the city's vibrant core. The property's proximity to key amenities and entertainment hubs makes it an ideal location for those seeking a dynamic urban lifestyle. Spanning just over 11,000 SQ FT, this expansive lot has already received development permit approval (DP2017-4750 - Conditional) for the construction of up to a 26m tall building with an FAR of 3.7. This gives you just over 40,000 SQ FT of building to work with and the permit allows for 40+ residential units with commercial on the ground floor (final approvals required for specific plans). The approved plans are available for the buyer and open the door for a lucrative investment, allowing you to capitalize on the demand for modern living spaces in this sought-after area. The property is strategically positioned just 2 blocks away from the future Green Line LRT station, ensuring seamless connectivity for residents and potential tenants. This proximity enhances the property's appeal, making it even more attractive for those looking to benefit from Calgary's evolving public transportation infrastructure. Calgary's real estate market is thriving, and this property offers a unique opportunity to capitalize on the growing demand for well-designed, centrally located residences. Average rents in the city continue to trend upwards quickly and Calgary ranks 4th highest in rents for Canada. With the approved plans in place and strategic connectivity, this investment promises both immediate and long-term returns. Don't miss out on this incredible opportunity to add a new multi-family building to your portfolio! Contact us today for more information.

MLS® # A2095775
Price $2,650,000
Bathrooms 0.00
Lot Size 11,087
Type Land
Sub-Type Commercial Land
Status Active

Community Information

Address 2620 Centre Street NE
Subdivision Tuxedo Park
City Calgary
Zone Zone CC
Province Alberta
Postal Code T2E 2V4

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Back Lane, Corner Lot, Cleared

Additional Information

Date Listed December 30th, 2023
Days on Market 178
Zoning MU-2 f3.7h26

Listing Details

OfficeREAL BROKER

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