Attention Builders and Investors!!
Tremendous opportunity to purchase 3 consolidated lots at the corner of 26 Avenue NE on the Centre Street, where a future Green Line LRT station will be built. The lots' location can be easily accessed from the Centre Street, Edmonton Trail, 4 Street NW and the 16 Avenue (Trans Canada Highway). Most importantly, it is only a 5-minute drive from/to downtown. At present, there is a house on one of the lots (at the south side) renting for $1700 per month (land value only).
With a total land size of 11,000 sq ft, land use MU-2 commercial and residential mixed-use with a maximum floor area ratio of 3, the lots have a huge potential to be developed into various commercial properties along with residential properties. In addition, the current owner is in the process of applying for discretionary use for 40 condo units and 1 floor of retail space. Which, will further increase the development potential.
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on December 19th, 2018 at 7:15am CST.