CIR Realty 625 2 Avenue NE CIR REALTY , Calgary, Bridgeland/Riverside,T2E 0E9 ; Listing Number: MLS A1179612

625 2 Avenue NE , Calgary, 0046 ,T2E 0E9 ; Listing Number: MLS A1179612

625 2 Avenue NE

Calgary

Update on 2022-05-23 10:05:05 AM

ACTIVE

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$6,950,000

BEDROOMS

0 + 0

BATHROOMS

SQUARE FEET

1965

YEAR BUILT

MLS® Number

A1179612

PROPERTY TYPE

COM

LISTING DATE

2022-02-07

Price Drop! Excellent opportunity to buy now with income to help carry & get ready for the next round of redevelopment in a GREAT Community!! $1,000,000 available in VTB at 5%. It has been rezoned to C-COR 1, FAR 4.5, H 29 meters or 95.15 ft. (9 stories +/-) with a Potential for up to over 150 mixed use units situated directly on Edmonton Trail! Excellent exposure and traffic access! 27,000 sq. ft. of redevelopment land. This project will be an excellent addition to the fantastic inner city community of Bridgeland/Riverside. Easy walk/bike to Bridgeland Amenities, East Village, Downtown, LRT, the Calgary Zoo & the miles of City pathways. (Check the aerial photographs) Site currently has a 24 unit apartment building & an old single family home. This provides some revenue while getting organized to build or holding for awhile. Income/expense details available. A Development Permit Survey was completed in 2015. A shadow study also available. Some Seller financing might be considered. The Application for Land Use Re-Designation is available & provides detailed information on Community and Policy Context as well as one Potential Conceptual Building Summary. Pro-formas on a couple options for redevelopment are also available. PLEASE CLICK ON THE DOCUMENTS TAB or call. Some building examples in pictures. OPEN TO OFFERS!