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10541 81 Av NW 0.4 Acres of Residential Land Offered at $2,188,064 USD in Edmonton, AB T6E 1X7
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
***REZONING APPROVED*** Mixed Use Zoning (MUH21 F4.5). Allows height up to 21 METERS. HEIGHT GOOD FOR 6 STORIES OF DEVELOPMENT & F.A.R of 4.5 !!!. Mixed Use on the main floor is optional. PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AND UNIVERSITY AREA! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue and University 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.
Property Facts
| Price | $2,188,064 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Zoning | MU h21 f4.5 - Mixed Use | ||
| Price | $2,188,064 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.40 AC |
| Zoning | MU h21 f4.5 - Mixed Use |
1 Lot Available
Lot
| Price | $2,188,064 USD | Lot Size | 0.40 AC |
| Price Per AC | $5,470,159.65 USD |
| Price | $2,188,064 USD |
| Price Per AC | $5,470,159.65 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.
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10541 81 Av NW
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