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Key Details
Sold Price $890,000
Property Type Vacant Land
Sub Type Residential Land
Listing Status Sold
Purchase Type For Sale
Subdivision South Calgary
MLS® Listing ID A2097279
Sold Date 12/11/23
Originating Board Calgary
Annual Tax Amount $4,905
Tax Year 2023
Lot Size 6,232 Sqft
Acres 0.14
Lot Dimensions 50X125
Property Description
**ATTENTION ALL BUILDERS & INVESTORS** Seize the opportunity to elevate the South Calgary skyline with this prime M-C1 development parcel. Spanning an impressive 50x125 ft lot, this rare gem offers a canvas for creating a distinguished residential development for 4 units + 4 basement suites. Situated in an area of prestige, the property not only enjoys sweeping mountain vistas but also boasts unobstructed views of the city, providing a canvas for a truly exceptional living experience.
Key Features:
Generous Dimensions: The expansive 50x125 ft lot size provides developers with a generous foundation to craft four distinct units, ensuring each residence enjoys ample space for modern living.
Zoned M-C1: With M-C1 zoning, this property is a developer's dream. This zoning allows for the construction of multiple dwellings, offering flexibility in design and functionality, making it an ideal canvas for a sophisticated residential development.
Breathtaking Views: Elevated above the city, residents of this exclusive development will savor unparalleled views of the majestic Rocky Mountains to the west and the dynamic cityscape to the east. The unique blend of natural beauty and urban sophistication sets this opportunity apart.
Basement Suites: Enhance the appeal of each unit with the inclusion of basement suites, providing additional living space or a lucrative rental income opportunity. This feature not only adds value but also caters to the diverse needs of modern homeowners.
Urban Accessibility: Enjoy the convenience of urban living with easy access to major transportation routes, upscale amenities, and proximity to the vibrant cultural scene of South Calgary.
Development Potential:
Architectural Freedom: Capitalize on the flexibility of M-C1 zoning to design four distinct residences, each tailored to maximize space, light, and the captivating views that surround the property.
Rental Income Potential: The inclusion of basement suites not only enhances the living experience but also provides a valuable income stream, making this development a sound investment opportunity.
This is a rare chance to shape the future of South Calgary's residential landscape. With its prime location, expansive lot size, and M-C1 zoning, this development opportunity holds immense potential for creating a signature address in one of Calgary's most esteemed neighborhoods. Act now to secure your place in the evolution of South Calgary's skyline.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C1
Exterior
Fence None
Lot Frontage 50.0
Others
Restrictions Non-Smoking Building
Ownership Private
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