Active
4220 Centre Street NE
Calgary Alberta, T2E2Y9
$975,000
$925.05 per sqft
Active
3 Beds
1 Bath
1,054 sqft
Residential
Built in 1953
BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.
Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary's lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.
With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community.
A2181615
MLSⓇ ID
December 3, 2024
Listed
December 3, 2024
Updated
Map
4220 Centre Street NE
Calgary Alberta, T2E2Y9
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
1
Full Bathrooms
1
Interior Features
See Remarks
Appliances
See Remarks
Laundry Description
Other
Floor Description
Laminate
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.13 Acres
Exterior Features
Other
Lot Features
Back Lane, Back Yard, Corner Lot, Front Yard
Architectual Style
Bungalow
Roof
Asphalt Shingle
Other Property Details
Garage
Yes
Garage Spaces
1
Parking
Parking Pad, Single Garage Detached
Parking Total
2
View
No
County
Calgary
Pool
No
Zoning
R-CG
Courtesy of Charles, Shawn Lukacsy
Listing Contact: 403-874-7267
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Data last updated 8:18 PM UTC, 12/3/2024