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10541 81 Av NW 0.4 Acres of Commercial Land Offered at $1,858,989 USD in Edmonton, AB T6E 1X7

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INVESTMENT HIGHLIGHTS

Great Location
Fantastic Redevelopment Opportunity in the Whyte Avenue Area

Excellent church tenant in place with triple-net lease on building providing holding income until February 2027.

EXECUTIVE SUMMARY

CURRENTLY IN THE PROCESS OF REZONING TO 23 METER HEIGHT AND F.A.R of 4.5. GOOD FOR 6 STORIES OF DEVELOPMENT!!!. PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33’ x 132’ totaling 132’ wide x 132’ deep, for a TOTAL OF 17,424 sq.ft. Directly south of South Park’s approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027 (May be able to relocate tenant sooner if needed). Garage has rental income as well. Site currently has Residential mixed use zoning (MU h16 f3.5 cf).

PROPERTY FACTS

Price	$1,858,989 USD	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Multifamily
No. Lots	1	Total Lot Size	0.40 AC
Zoning	MU h16 f3.5 cf - Mixed Use

Price	$1,858,989 USD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily
Total Lot Size	0.40 AC
Zoning	MU h16 f3.5 cf - Mixed Use

1 LOT AVAILABLE

Lot

Price	$1,858,989 USD	Lot Size	0.40 AC
Price Per AC	$4,647,472.51 USD

Price	$1,858,989 USD
Price Per AC	$4,647,472.51 USD
Lot Size	0.40 AC

This site is 4 lots measuring 132 wide x 132 deep for a total of 17,424 sq.ft.

DESCRIPTION

PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33 x 132 totaling 132 wide x 132 deep for a total of 17,424 sq.ft. Directly south of South Parks approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027. Garage has rental income as well. Site falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Current Zoning - Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.

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