REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1
Est. payment | /mo
14 Baths
1 SqFt
$ 1
Est. payment | /mo
14 Baths
1 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1
Square Footage 1 sqft
Price per Sqft $1
Subdivision O'Neill
MLS® Listing ID E13732138
Lot Size 0.517 Acres
Acres 0.517
Property Description
Exceptional Downtown Development Opportunity! Prime 135' x 259' feet site with the rare advantage of frontage/access from both Bond Street W and Richmond Street, offering excellent flexibility for future development. The property is in the final stages of Site Plan Approval (SPA) for a proposed 150-unit residential development, with the Seller to provide the approved SPA in accordance with the plans/drawings attached to the listing. A major development incentive has already been secured with municipal development charges waived, representing estimated savings of approximately $25,000 per unit, or approximately $3.7M based on the proposed 150 units. The property is currently occupied by an established vehicle rental tenant under an existing lease, providing immediate rental income to help offset carrying costs while preparing for redevelopment. The lease provides for termination with approximately nine (9) months' notice, subject to its terms. An outstanding opportunity to acquire a strategically located, income-producing development site with advanced approvals, substantial development-charge savings, excellent rental potential and rare dual-street access in the downtown core. Buyer to verify all development information, approvals, DC incentives/waivers and lease terms. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 50
Garage No
Private Pool No
Listed by REVEL REALTY INC.
GET MORE INFORMATION
Kim Avery
Agent
67 Valley Ridge Green NW. Calgary, AB. T3B 5L5, Calgary, Alberta T3B 5L5, CAN