1924 26 Avenue Sw Calgary, Alberta T2T 1E3

$799,900

LAND, LAND, LAND ASSEMBLY - OPPORTUNITY IN INNER-CITY CALGARY in Bankview on 26th AVE SW.This spectacular 45’ x 139’ RC-2 zoned lot should be sold with it’s neighboring lots … up to 7 more 45’ lots are available! See two of eight of the next-door properties (MLS#A2025534 and MLS#A2025713), You may assemble up to 360’ of exclusive inner-city land. (We are listing 1920, 1924 and 1928 26 AVE SW on the MLS. Also available is 1932, 1936, 1940, 1944 and 1948!) All Rented with a CAP RATE of Nearly 6%! Located in the ultra sought-after inner-city community of Bankview and Marda Loop, these lots are perched at a high point in the community. Build with potential city views on a reasonably quiet street. This convenient and exclusive location is just minutes from both the Children's and Foothills Hospitals, Tom Baker Cancer Centre, Mount Royal University, University of Calgary, and affords easy access to the downtown core or escape to the nearby mountains. Also, just steps away from the Bow River and its extensive pathways system. Seven of the existing eight homes are in very good condition and are rented at mostly current market rent. The existing zoning allows easy subdivision into two lots and building of duplexes, but the city much prefers higher density as witnessed with the new building of a multi-family complex 300m East. This land intersects the communities of Bankview, South Calgary and Richmond Park/Knobhill. Along with Altadore and Garrison Woods, these communities comprise the commercial district of Trendy Marda Loop, which continues to be quickly redeveloping with executive homes and multi-family throughout its picturesque tree-lined streets. This is an amazing opportunity to buy and hold land in inner-city Calgary, or get to work immediately at a multi-family project. (id:34322)

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https://www.realtor.ca/real-estate/25298790/1924-26-avenue-sw-calgary-bankview