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10410 97 Av NW - Panorama Site 0.69 Acres of Commercial Land Offered at $3,216,517 USD in Edmonton, AB T5K 0B6
INVESTMENT HIGHLIGHTS
- Approved high-rise development in Downtown Edmonton with River Valley views
- Within close proximity to Jasper Ave, Whyte Ave, University of Alberta and Downtown Core
- Direct access to the Edmonton Transit System and a 10-minute walk to the Bay Enterprise Square LRT station
- Consisting of 26 floors and 173 dwelling units with 5 three-storey townhouses
- Neighbouring leisure amenities include Victoria Golf Course, Legislature Grounds, Muttart Conservatory, Kinsmen Sport Centre, and the Royal Glenora
- Short walk away from some of the most extraordinary hiking trails of the River Valley
PROPERTY FACTS
| Price | $3,216,517 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Price | $3,216,517 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.69 AC |
1 LOT AVAILABLE
Lot
| Price | $3,216,517 USD | Lot Size | 0.69 AC |
| Price Per AC | $4,661,679.09 USD |
| Price | $3,216,517 USD |
| Price Per AC | $4,661,679.09 USD |
| Lot Size | 0.69 AC |
The lot currently has two smaller multi-family structures that are set for demolition.
DESCRIPTION
Opportunity for the full ownership of the Panorama Development Site. Situated in central Edmonton, the site currently consists of four lots containing two walk up rental properties and 2 parking lots, generating $60,000 in net income. The property lies adjacent to an Edmonton Transit System bus stop and is only a minute's walk to the beautiful river valley trails. The approved development is expected to contain 26 storeys and 173 dwelling units with 217 parking stalls and 44 bicycle stalls. Comprised of a variety of bachelor’s, one-bedroom and two-bedroom suites, the high-rise apartment will also showcase 5 stunning townhomes on the eastern end of the property. Established among Edmonton’s most vibrant and lively neighbourhood of Downtown. The Panorama Development Land is centrally located directly off 97 Avenue along 104 Street, which sees up to 49,800VPD and is local to the surrounding communities of Downtown, Rossdale and Oliver with a combined population of 31,421.
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10410 97 Av NW - Panorama Site
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