17,424 ft²Land$2,495,000Sale
17,424 ft²
Land
$2,495,000
Sale
Michael A Pavone
RE/MAX Elite
The Property
Asking Price$2,495,000
Available Space17,424 ft²
MLS® IDE4396531
Year Built1937
Parking Spaces21
SourceREALTORS® Association of Edmonton
The Lot
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’ totaling 132’ wide x 132’ deep for a total of 17,424 sq.ft. Directly south of South Park’s 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.
Property TypeLand
Floors2
Building Size5,872 ft²
Lot Size17,424 ft²
MLS® IDE4396531
Year Built1937
Parking Spaces21
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
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