$2,495,000
10541 81 AV NW Edmonton, AB T6E1X7
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Nick Penney
info@nickpenney.com
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Nick Penney
info@nickpenney.com$2,495,000
Est. payment /mo
5,872 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,872 sqft
Price per Sqft $424
Subdivision Queen Alexandra
MLS® Listing ID E4396531
Originating Board REALTORS® Association of Edmonton
Year Built 1937
Lot Size 0.400 Acres
Acres 17424.0
Property Description
PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33 x 132. Total site measures 132 wide x 132 deep for a total of 17,424 sq.ft. Directly south of South Parks approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027. Garage has rental income as well. Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 21
Private Pool No
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Listed by RE/MAX Elite
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Nick Penney