5702 - 5716 2 Street SW
Manchester Calgary T2H 1Y6

$4,380,000
Commercial

Main Photo: 5702 - 5716 2 Street SW in Calgary: Manchester Multi Family for sale : MLS®# A2163994
Photo 1: 5702 - 5716 2 Street SW in Calgary: Manchester Multi Family for sale : MLS®# A2163994
Photo 2: 5702 - 5716 2 Street SW in Calgary: Manchester Multi Family for sale : MLS®# A2163994
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2163994
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.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Total Building Area:
828.83 sq. ft.
Lot Area:
25,000 sq. ft.
Year built:
1944 (Age: 80)
Bathrooms:
- (Full:-, Half:-)
Plan:
5454AC
Structure Type:
Other
Ensuite:
No
Garage:
0
Manchester
Fridge, Electric Oven, Washer/Dryer
None Known
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Sep 09, 2024
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Listed by CIR Realty
Data was last updated December 5, 2024 at 02:05 PM (UTC)
ROBERT BLACK
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