JV Realty

Jonathan Varkey REALTOR®

(587) 436-4289

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4220 Centre Street NE, Calgary, Alberta

$975,000

3 Beds
1 Bath
1,054 Square Feet

BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community. (id:23309)

Listing ID: A2181615
Property Type: Single Family
Year Built: 1953

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Rooms

Level	Type	Dimensions
Bedroom	Main level	11.42 Ft x 8.17 Ft
4pc Bathroom	Main level	9.83 Ft x 6.25 Ft
Bedroom	Main level	9.83 Ft x 8.67 Ft
Dining room	Main level	10.08 Ft x 8.17 Ft
Kitchen	Main level	9.92 Ft x 11.33 Ft
Living room	Main level	14.92 Ft x 14.42 Ft
Primary Bedroom	Main level	11.42 Ft x 8.83 Ft

Details

Architectural Style: Bungalow
Amenities Nearby: Park, Playground, Schools, Shopping
Features: See remarks, Other, Back lane
Ownership: Freehold
Parking Spaces: 2
Plan: 6482GN
Structure: None
Transaction: For sale
Zoning Description: R-CG

Building

Appliances: See remarks
Architectural Style: Bungalow
BasementType: See Remarks
Bedrooms Main Level: 3
Constructed Date: 1953
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Stucco
Fireplace Present: False
Flooring: Laminate
Foundation: Poured Concrete
Bathrooms (Total): 1
Heating: Forced air
Size Interior: 1054 sqft
Stories Total: 1
Total Finished Area: 1054 sqft
Type: House

Land

Amenities: Park, Playground, Schools, Shopping
Fence: Not fenced
Size Frontage: 15.24 m
Size Irregular: 5801.00
Size Total: 5801 sqft|4,051 - 7,250 sqft

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 4220 Centre Street NE in Calgary Ontario. It was last modified on December 3rd, 2024. Contact Jonathan Varkey to schedule a viewing or to discover other Calgary real estate for sale.

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