10541 81 Avenue, Edmonton, Alberta T6E 1X7

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$2,995,000

Highlights

$2,995,000

Price

For sale

Status

44215930

MLS® ID

***REZONING APPROVED*** TO 21 METER HEIGHT GOOD FOR 6 STORIES OF DEVELOPMENT & F.A.R of 4.5 !!!. PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AND UNIVERSITY AREA! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue and University 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 (May be able to relocate tenant sooner if needed). Garage has rental income as well. (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number 44215930
    • Price $2,995,000

    Buildings

    Land

    Acreage No Size Irregular 17424
    Size Total 17424 Sqft|under 1/2 Acre Size Total Text 17424 Sqft|under 1/2 Acre

    Agents and Offices

    • Michael A. Pavone
    • Office: RE/MAX Elite

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