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2224 34 Avenue Sw Calgary, Alberta T2T 2C6

2168 sqft

$1,550,000

Rare opportunity for future redevelopment of prime M-U1 zoned property in the heart of Marda Loop. MU-1 zoning allows for the option of commercial or residential at grade with condos on the floors above. Currently zoning allows for 16.0 m of height and a FAR of 3. The 2224 property features a solid 4 plex in very good condition that would help with carrying costs while plans are put into place for future redevelopment. The 2224 lot is 62 ft. by 112 ft. and is being sold with the neighbouring property at 2230 34 Ave SW. The two lots combine for 125 ft. frontage and close to 14000 sq. ft. of prime development land. There may also be an opportunity to add another 1 lot for over 20000 sq. ft. or or possibly even 2 more lots for over 25000 sq. ft. for all 4 neighbouring lots. An environmental study report was completed for the 2230 property with no concerns for redevelopment. Previous plans for the 2230 property were accommodated with current sewer and water availability (no upgrade in the street) and Hydro was underground to building. Don't let the chance to purchase & develop such a great assembly in one of Calgary's most popular communities pass you by. (id:42543)

Property Details

MLS® Number A1165283
Property Type Multi-family
Community Name South Calgary
Parking Space Total 7
Plan 4479p

Building

Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings
Basement Type Unknown
Constructed Date 1979
Size Interior 2168 Sqft
Total Finished Area 2168 Sqft
Type Multi-family

Land

Acreage No
Size Depth 34.01 M
Size Frontage 18.89 M
Size Irregular 645.00
Size Total 645 M2|4,051 - 7,250 Sqft
Size Total Text 645 M2|4,051 - 7,250 Sqft
Zoning Description Mu-1 F3.0h16

https://www.realtor.ca/real-estate/23902478/2224-34-avenue-sw-calgary-south-calgary

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