Rendering of proposed building from Centre Street
Photo 1: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 2: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 3: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 4: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 5: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 6: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Photo 7: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
Status:
Active
Prop. Type:
Land
MLS® Num:
A2095775
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.
Property Type:
Land
Property Sub Type:
Commercial Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lot Area:
11,087 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Plan:
2617AG
Ensuite:
No
Garage:
0
Tuxedo Park
N/A
None Known
Title to Land:
Fee Simple
Lot Features:
Back Lane, Cleared, Corner Lot
Access To Property:
On Major Traffic Route
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-2 f3.7h26
Listed Date:
Dec 30, 2023
  • Photo 1: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Rendering of proposed building from Centre Street
  • Photo 2: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Rendering of proposed building from 26 Ave
  • Photo 3: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Looking South down centre
  • Photo 4: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Photo 4 of 7
  • Photo 5: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Lot outline from air
  • Photo 6: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Bedroom example proposed building
  • Photo 7: 2620 Centre Street NE in Calgary: Tuxedo Park Commercial Land for sale : MLS®# A2095775
    Living area example proposed building

3D Tour

Listed by Real Broker
Data was last updated February 28, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
82
Avg list price:
$1,199,150
Min list price:
$165,000
Max list price:
$16,757,850
Avg days on market:
114
Min days on market:
1
Max days on market:
2,402
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.