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.
Contact Corinne Watson About MLS® A2181615
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Corinne Watson , 403-921-7653 at CIR Realty North West, #168, 8060 Silver Springs Blvd. N.W., Calgary, Alberta, T3B 5K1
property information
Property Type: Detached Home
MLS®#: A2181615
Style: Bungalow
Year Built: 1953
Lot Shape: Back Lane,Back Yard,Corner Lot,Front Yard
Total Floor Area: 1,054 sq.ft
Restrictions: See Remarks
Community Information
Address: 4220 Centre Street
Neighbourhood: Highland Park
City: Calgary
Postal Code: T2E2Y9
interior
Included: N/A
Bedrooms: 3 (Bedrooms Above: 3)
Bathrooms: Full: 1
Rooms Above Grade: 6
Fireplace Details: For Sale
Basement: See Remarks
Floor Finish: Laminate
exterior
Exterior Features: Back Lane, Back Yard, Corner Lot, Front Yard
Exterior Finish: Stucco, Wood Frame
Construction: Stucco,Wood Frame
Roof: Asphalt Shingle
Front Exposure: W
Frontage: 15.24M 50`0" metres
services & amenities
Parking: Parking Pad, Single Garage Detached (2 Total Parking Spaces)
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