5702 - 5716 2 Street, Calgary

Multi Family for Sale

5702 - 5716 2 Street, Calgary, MLS® # A2163994
  • MLS®#: A2163994
  • Price: $4,380,000
  • Status: Active
  • Year Built: 1944
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Login or Create an Account to Access Days On Market Financial Information Legal Description Lot Zoning

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.

Contact Tessa Corley-Rae & Maria Corley About MLS® A2163994

Required Field

Tessa Corley-Rae & Maria Corley , 403.478.1232 at Real Estate Professionals Inc., 202, 5403 Crowchild Trail NW, Calgary, Alberta, T3B 4Z1

property information

  • Property Type: Multi Family
  • MLS®#: A2163994
  • Year Built: 1944
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Community Information

  • Address: 5702 - 5716 2 Street
  • Neighbourhood: Manchester
  • City: Calgary
  • Postal Code: T2H 1Y6
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interior

  • Included: Fridge, Electric Oven, Washer/Dryer
  • Fireplace Details: For Sale
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$4,380,000

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Listing Courtesy of
CIR Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.