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

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