5702 - 5716 2 Street SW Calgary

5702 - 5716 2 Street SW, Calgary, Alberta

$4,380,000

A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income. (id:59963)
  • Listing ID: A2164096
  • Property Type: Vacant Land
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Details

  • Amenities Nearby: Park, Playground, Schools, Shopping
  • Ownership: Freehold
  • Plan: 5454AC
  • Transaction: For sale
  • Zoning Description: DC

Building

  • Fireplace Present: False

Land

  • Amenities: Park, Playground, Schools, Shopping
  • Fence: Not fenced
  • Size Frontage: 60.96 m
  • Size Irregular: 25000.00
  • Size Total: 25000 sqft|21,780 - 32,669 sqft (1/2 - 3/4 ac)

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Manchester Real Estate & Community Guide

Manchester is located in Southeast Calgary. To learn more about this beautiful neighbourhood, visit our Manchester community page or let us put you in touch with a real estate agent specializing in the Calgary Real Estate Market.

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    This property for sale located at 5702 - 5716 2 Street SW in Calgary was last modified on December 2nd 2024. Let us connect you with one of our real estate agents to schedule a viewing or subscribe to other properties for sale in Calgary.

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