5702 - 5716 2 Street SW, Calgary, Alberta

$4,380,000

0.57

Acres

About 5702 - 5716 2 Street SW

A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income.

MLS® # A2163994
Price $4,380,000
Bathrooms 0.00
Lot Size 25,000
Year Built 1944
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 5702 - 5716 2 Street SW
Subdivision Manchester
City Calgary
Zone Zone CC
Province Alberta
Postal Code T2H 1Y6

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed September 9th, 2024
Days on Market 54
Zoning DC

Listing Details

OfficeCIR Realty

Listing Map

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