4220 Centre Street NE in Calgary: Highland Park Detached for sale : MLS®# A2181615
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BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.
Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.
With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community.
Data was last updated December 18, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$800,000
Min list price:
$164,900
Max list price:
$1,800,000
Avg days on market:
52
Min days on market:
4
Max days on market:
189
Avg price per sq.ft.:
$504.19
These statistics are generated based on the current listing's property type
and located in
Highland Park. Average values are
derived using median calculations.