Courtesy of Michael A Pavone of RE/MAX Elite
10541 81 Avenue
Edmonton
T6E 1X7
$2,495,000
Land Commercial
- Status:
- Active
- Prop. Type:
- Land Commercial
- MLS® Num:
- E4396531
- Build. Type:
- Mixed Use
- Photos (18)
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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:
- 110 day(s)
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Data was last updated October 27, 2024 at 04:30 PM (UTC)
- CARRIE BANHAM-POSTY
- RE/MAX Elite
- 1 (780) 974-8062
- Contact by Email
Carrie Banham-Posty
RE/MAX Elite
Office Address:
8104-160 Avenue
Edmonton, AB, T5Z 3S8