Attention developers, builders and investors - this is a rare opportunity to secure an exceptional redevelopment site in Shaganappi, one of Calgary’s most established and strategically located inner-city communities. Situated on an approximately 47' x 150' M-C2 zoned lot, the property checks the boxes investors look for: scale, zoning, transit, holding income and a head start on redevelopment, with a Development Permit application already submitted for a proposed 10-unit multi-residential project. The existing residence and legal one-bedroom basement suite provide holding income while the redevelopment process moves forward. The location is equally compelling - just one block from the LRT, minutes from downtown, and close to Westbrook Mall, parks, schools, recreation and everyday amenities. With the zoning, income and redevelopment work already in motion, the groundwork has been laid - the next owner gets to capitalize on the opportunity.
Address
1407 28 Street SW
List Price
$950,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Shaganappi
Bedrooms
3
Bathrooms
2
Floor Area
1,072 Sq. Ft.
Lot Size
7039 Sq. Ft.
Year Built
1947
MLS® Number
A2331540
Listing Brokerage
Royal LePage METRO
Basement Area
Full
Postal Code
T3C 1L8
Zoning
M-C2
Site Influences
Back Lane, Back Yard, City Lot, Golf, Schools Nearby, Shopping Nearby, Park, Playground, Pool, Rectangular Lot, Sidewalks, Street Lights, Tennis Court(s)
