2620 Centre Street NE

Commercial Land For Sale in Tuxedo Park, Calgary CC

$2,650,000
This exceptional 1/4-acre plot of land offers an unparalleled investment opportunity in the booming Calgary real estate market. Just 7 minutes from downtown Calgary, this prime piece of land is strategically situated to provide easy access to the city's vibrant core. The property's proximity to key amenities and entertainment hubs makes it an ideal location for those seeking a dynamic urban lifestyle. Spanning just over 11,000 SQ FT, this expansive lot has already received development permit approval (DP2017-4750 - Conditional) for the construction of up to a 26m tall building with an FAR of 3.7. This gives you just over 40,000 SQ FT of building to work with and the permit allows for up to 36 residential units with commercial on the ground floor. The approved plans are available for the buyer and open the door for a lucrative investment, allowing you to capitalize on the demand for modern living spaces in this sought-after area. The property is strategically positioned just 2 blocks away from the future Green Line LRT station, ensuring seamless connectivity for residents and potential tenants. This proximity enhances the property's appeal, making it even more attractive for those looking to benefit from Calgary's evolving public transportation infrastructure. Calgary's real estate market is thriving, and this property offers a unique opportunity to capitalize on the growing demand for well-designed, centrally located residences. Average rents in the city continue to trend upwards quickly and Calgary ranks 4th hightest in rents for Canada. With the approved plans in place and strategic connectivity, this investment promises both immediate and long-term returns. Don't miss out on this incredible opportunity to add a 36-unit building to your portfolio! Contact us today for more information.
Address 2620 Centre Street NE
List Price $2,650,000
Property Type Land
Type of Dwelling Commercial Land
Area Calgary CC
Sub-Area Tuxedo Park
Lot Size 11087 Ac.
MLS® Number A2095775
Listing Brokerage REAL BROKER
Postal Code T2E 2V4
Zoning MU-2 f3.7h26
Site Influences Back Lane, Cleared, Corner Lot

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Prestige Commercial Group

Remax Complete Realty

11450 29 St SE #201 Calgary Alberta T2Z 3V5

Office: 403-204-9323

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