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Jose Colmenero

colmenerojosem@gmail.com +1(587) 889-6032

$ 3,450,000

Est. payment | -/mo

9 Beds

5 Baths

3,925 SqFt

Save

$ 3,450,000

Est. payment | -/mo

Save

9 Beds

5 Baths

3,925 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3925

Square Footage 3,925 sqft

Price per Sqft $878

Subdivision North Glenmore Park

MLS® Listing ID A2302642

Style Bungalow

Bedrooms 9

Year Built 1961

Lot Size 0.477 Acres

Acres 0.476649

Property Sub-Type Freehold

Property Description

150' x 138' LAND ASSEMBLY IN NORTH GLENMORE PARK | THREE ADJACENT PARCELS OFFERED TOGETHER | SUITED TO A 5-STOREY APARTMENT, SUBJECT TO CITY APPROVAL | FLAT SITE, CORNER INFLUENCE, SOUTH-FACING REAR | HOLDING INCOME FROM EXISTING HOMES | 8 MINUTES TO DOWNTOWN. Assembling this much land in North Glenmore Park is close to impossible; here it has already been done for you. Three adjacent properties, each approximately 50' x 139', are offered together to create a combined 150' x 138' footprint well-suited to a mid-rise purpose-built rental or condominium project, subject to city approval. The flat topography, corner influence and south-facing rear exposure support efficient building design, strong unit layouts and optimal natural light, the drivers of rental performance and long-term asset value. The existing homes provide holding income while entitlements proceed, but the primary value is the assembly itself and its capacity for higher-density redevelopment in a mature, high-demand inner-city location surrounded by quality infill. Surrounding amenities drive tenant demand: Central Memorial High School and Altadore School nearby; North Glenmore Park and the Glenmore Reservoir with pathways, the Calgary Canoe Club, Calgary Rowing Club, tennis courts, cross-country skiing, skating trails and picnic areas; plus Glenmore Athletic Park and the Glenmore Aquatic Centre. Downtown is approximately 8 minutes away via Crowchild Trail and Glenmore Trail. For developers and investors targeting a Calgary multifamily site with scale, configuration, exposure and location, this is a strategic acquisition for a long-term hold or build-to-sell project. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Basement 12.75 Ft x 22.58 Ft Recreational, Games room

Extra Room 2 Basement 12.00 Ft x 10.50 Ft Kitchen

Extra Room 3 Basement 15.58 Ft x 12.92 Ft Bedroom

Extra Room 4 Basement 8.00 Ft x 4.92 Ft 3pc Bathroom

Extra Room 5 Basement 18.58 Ft x 11.42 Ft Recreational, Games room

Extra Room 6 Basement 18.83 Ft x 32.67 Ft Storage

Interior

Heating Forced air

Cooling None

Flooring Carpeted, Linoleum

Fireplaces Number 2

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Lot Description Landscaped

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Real Broker

Schools and Properties Nearby

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+1(587) 889-6032

colmenerojosem@gmail.com

9995 S.W. 72nd ST, Suite 209, Miami, FL 33173

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2135, 2139, 2143 50 Avenue SW Calgary, AB T2T2W5