for sale future development land
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CALGARY, ALBERTA 514, 516 & 524 20TH AVE SW
FOR SALE FUTURE DEVELOPMENT LAND
OPPORTUNITYOn behalf of the Vendor, Cushman & Wakefield ULC (“Cushman & Wakefield”) is pleased to offer an opportunity to acquire a 100% freehold interest in three residential addresses with future development potential located less than half of a block off 4th Street SW, complete with in-place residential holding income.
Legal Plan 4453L; Block 3; Lots 15, 16 (east half) & 17
Address 514, 516 and 524 20th Ave SW, Calgary
Land Use M-CG D110 (Multi-Residential - Contextual Grade Oriented District)
Intended for medium density multi-residential development
Located 50 meters off the busy 4th Street Main Street District, this assembly is made up of 3 municipal addresses with holding income in place.
The subject properties are located mid-block in the community of Cliff Bungalow on the north side of 20th Avenue SW. This assembly is proximal to Calgary’s Central Business District, the Main Street Commercial Corridors off 4th Street SW and 17th Avenue SW, the Macleod Trail Commercial Corridor, and one of Calgary’s most predominant shopping malls, Chinook Centre. Additionally, the location hosts nearby access to the City of Calgary’s public transportation network with bus stops located along 4th Street, as well as to main arterial routes such as Macleod Trail, 17th Avenue S, Crowchild Trail and Glenmore Trail.
PROPERTY OVERVIEW
LOCATION DETAILS
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4th Street is nestled in the middle of the Mission, Cliff Bungalow and Beltline communities between historic sites and new urban development which is what makes this street so unique.
Site Price $835,000
Site Size 3,051 SF (25’5” x 120’)
Buildable Units 3
Current Use 5 rentable units
Year Built 1910
Property Taxes $4,806.75 (2020)
PROPERTY OVERVIEWS
Site Price $1,100,000
Site Size 4,000 SF (33’4” x 120’)
Buildable Units 4
Current Use 5 rentable units
Year Built 1923
Property Taxes $4,806.75 (2020)
516 – 20TH AVENUE SW
514 – 20TH AVENUE SW
Site Price $1,650,000
Site Size 6,000 SF (50’ x 120’)
Buildable Units 6
Current Use Complete house leasable
Year Built 1920
Property Taxes $4,795.47 (2020)
524 – 20TH AVENUE SW
2KM SOUTH FROM DOWNTOWN CALGARY
20,978 POPULATION
35 MEDIAN AGE
$83,931 MEDIANHOUSEHOLD INCOME
76% EMPLOYMENT RATE
Demographics: 1km Radius from site
Scotiabank
Petro-Canada
Blaze Pizza
Frilly Lilly
OEB Breakfast
RBC
Joyce on 4th
Earls
Safeway
Lululemon
Mercato
Shoppers Drug Mart
Lindsay Park
Earl Grey Park
N
Ship & Anchor Lulu Bar Model MilkTrolley 5 Philosafy Coffee
120
’12
0’
50’50’ 58’9”58’9”
These statements are based upon the information furnished by the principal and sources, which we deem reliable - for which we assume no responsibility and is subject to
verification during a formal due diligence period. This submission is made subject to prior sale, change in price or terms, or withdrawal without notice. Prospective purchasers should
not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation.
FOR MORE INFORMATION, CONTACT:
Marc Rosso Vice PresidentInvestment Sales Group Direct Tel: 403 261 [email protected]
Zach Boyer AssociateInvestment Sales Group Direct Tel: 403 261 1164 [email protected]
1 7 T H AV E S W1 7 T H AV E S W44
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