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5702 - 5716 2 Street SW, CALGARY
2024-09-09
Quick Summary
- Location
- 5702 - 5716 2 Street SW, CALGARY, Alberta T2H1Y6
- Price
- $4,380,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 828ft2
- Year of Construction:
- 1944
MLS®#A2163994
Property Description
A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 828.83 sqft
- Building Type: Multi-Family
Land
- Land Size: 25000 sqft|21,780 - 32,669 sqft (1/2 - 3/4 ac)
Zoning
- Description: DC
Information entered by CIR Realty
Listing information last updated on: 2024-09-10 20:25:55
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
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April Isaac Associate
- Phone:
- 403-888-4003
- Email:
- aprilonepercent@gmail.com
- Support Area:
- CALGARY, SOUTH EAST CALGARY, SOUTH WEST CALGARY, NORTH CALGARY, NORTH EAST CALGARY, NORTH WEST CALGARY, EAST CALGARY, WEST CALGARY, AIRDRIE, COCHRANE, OKOTOKS, CHESTERMERE, STRATHMORE, GREATER CALGARY AREA, ROCKYVIEW, DIDSBURY, LANGDON
20 YRS EXPER, 1000+ SALES, marketing savvy, people savvy. 100'S OF HAPPY CUSTOMERS, DOZENS UPON DOZ ...
Full ProfileAimee Wong Associate
- Phone:
- 403-540-6792
- Email:
- aimee@calgaryhomerealty.ca
- Support Area:
- Calgary, Greater Calgary Area, Airdrie, Chestermere, Okotoks, Langdon, Cochrane, Rural Rocky View, Red Deer County, Red Deer, Diamond Valley, Didsbury, Carstairs, Crossfield
My education is in the art of communication, marketing, and design. Before becoming an agent, I sp ...
Full ProfileAnna Madden Associate
- Phone:
- 587-830-2405
- Email:
- anna.madden05@gmail.com
- Support Area:
- Calgary, Airdrie, Cochrane, chestermere, Langdon, Okotoks, High river, Olds, Rocky View, Foothills
Experienced Residential Realtor serving Calgary and surrounding communities. I have knowledge in buy ...
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