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5702 - 5716 2 Street SW
Manchester
Calgary
T2H 1Y6
$4,380,000
Land
- Status:
- Active
- Prop. Type:
- Land
- MLS® Num:
- A2164096
- Photos (12)
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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.
- Property Type:
- Land
- Property Sub Type:
- Commercial Land
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Lot Area:
- 25,000 sq. ft.2,323 m2
- Lot Frontage:
- 200'61 m
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 5454AC
- Ensuite:
- No
- Garage:
- 0
- Manchester
- Fridge, Stove, washer/dryer
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Calgary
- Zone:
- CAL Zone CC
- Zoning:
- DC
- Listed Date:
- Sep 09, 2024
Larger map options:
Listed by CIR Realty
Data was last updated November 21, 2024 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 105
- Avg list price:
- $1,050,000
- Min list price:
- $149,900
- Max list price:
- $16,757,850
- Avg days on market:
- 115
- Min days on market:
- 1
- Max days on market:
- 2,669
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.