Courtesy of Michael A Pavone of RE/MAX Elite

10541 81 Avenue
Zone 15 Edmonton T6E 1X7

$2,495,000
Land Commercial

Main Photo: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4396531
Photo 1: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4396531
Photo 2: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4396531
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Photo 17: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4396531
Photo 18: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4396531
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
E4396531
Build. Type:
Mixed Use
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. Garage has rental income as well. Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.
Transaction Type:
For Sale
Property Type:
Land Commercial
Construction:
See Remarks
Building Type:
Mixed Use, See Private Remarks
# Units:
0
Tot Pkg Spaces:
21
# Storeys:
2.0
Year built:
1937 (Age: 87)
Total Floor Area:
5,872 sq. ft.
Lot Area:
17,222.26 sq. ft.
Lot Depth:
132'
Lot Frontage:
132'
Plan:
I26
Title to Land:
Freehold
LINC Number:
0015552467
Services Connected:
Fully Serviced
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Num. of Parcels:
1
Cap Rate %:
0.0
Gross Operating Income:
$81,600
Other Income:
$0
Effective Gross Income:
$0
Net Operating Income:
$72,284
Total Oper. Expenses:
$9,316
Tot Expenses:
$0
Days On Website:
7 day(s)
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Data was last updated July 16, 2024 at 06:30 AM (UTC)
CARRIE BANHAM-POSTY
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.