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’ totaling 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 Residential mixed use zoning and falls within the Strathcona Area Redevelopment Plan which supports 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.
Address
10541 81 AV NW
List Price
$2,495,000
Property Type
Land
Area
Edmonton
Sub-Area
Queen Alexandra
Year Built
1937
MLS® Number
E4416880
Listing Brokerage
RE/MAX Elite
Postal Code
T6E 1X7
Zoning
Zone 15