$1,600,000
$1,699,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
7,696 Sqft Lot
SOLD DATE : 09/30/2024
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bankview
MLS® Listing ID A2157318
Sold Date 09/30/24
Originating Board Calgary
Year Built 1958
Annual Tax Amount $7,653
Tax Year 2024
Lot Size 7,696 Sqft
Acres 0.18
Property Description
A prime corner lot with over 7700 sqft of development site located in the highly sought-after Inner city Calgary neighbourhood of Bankview. Ideally situated within walking distance to the bustling Marda Loop Area with popular restaurants, unique service shops, and charming nightlife venues that contribute to a vibrant community atmosphere. This unique lot currently has a 3 storey Brick Building complex with Five – 2 bedroom units (approx. 700sqft) and One – 1 bedroom unit (approx. 600sqft). This Apartment Complex is zoned: M-C2 zoned (FAR: 2.5, 16M), which can build a +/-29 UNITS, 5 Storey Complex with a mixture of Bachelor, 1 bedroom and 2 bedrooms units on this lot (~19,250 sqft of developable area). Newer EPMD Roof. Lots of parking at the side and back of the building. Rent and Hold Long Term for future development or get plans in place to build a 5 storey complex for a long term rental property. Close to transit, 14th Street, Marda Loop, 17th Avenue shops and restaurants.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Exterior
Roof Type See Remarks
Lot Frontage 107.0
Total Parking Spaces 7
Building
Foundation Poured Concrete
Others
Restrictions None Known
Ownership Private
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REVIEWS & TESTIMONIALS
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.
