Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
Calgary, AB T2H 1Y6,5702 - 5716 2 ST SW
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$ 4,380,000
Est. payment | /mo

0.57 Acres Lot


Save
$ 4,380,000
Est. payment | /mo
Save

0.57 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

Subdivision Manchester

MLS® Listing ID A2164096

Originating Board Calgary

Annual Tax Amount $5,318

Tax Year 2024

Lot Size 0.574 Acres

Acres 0.57

Property Description

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.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning DC

Interior

Inclusions Fridge, Stove, washer/dryer

Exterior

Fence None

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Lot Frontage 200.0

Others

Restrictions None Known

Ownership Private

Listed by CIR Realty

GET MORE INFORMATION

Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.

Dean Hunter