For Sale: 431, 425, 423 2 Avenue NE, Calgary, AB - REW
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$3,450,000
0 bd • ba • sf • Land/Lot
431, 425, 423 2 Avenue NE
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$3,450,000
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431, 425, 423 Ne 2nd AvenueCalgary, AB, T2E 0E7

Crescent Heights
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

Exceptional opportunity to acquire a high-density development site strategically located just off Edmonton Trail at 423, 425 and 431 – 2 Avenue NE. Featuring 125 feet of frontage along 2 Avenue NE and street/laneway access on three sides, this prominent land assembly offers outstanding development flexibility. ZONED MU-1f5.0h26- the property permits a 5.0 FAR, offering approximately 75,000 sq. ft. of potential gross floor area and a maximum building height of 26 metres (approx eight storeys), subject to municipal approvals. Ideal for a substantial multi-residential or mixed-use development. Located in Crescent Heights at the gateway to Bridgeland, within the Bridgeland Business Improvement Area (BIA), the property is steps from vibrant restaurants, cafés, shops and Edmonton Trail, with excellent proximity to downtown Calgary, public transit, the Bridgeland/Memorial LRT station and Bow River pathways. Significant pre-development work has been completed, including DP drawings prepared by the previous owner for a proposed 79-unit, six-storey residential building featuring one- and two-bedroom suites. Phase I Environmental Site Assessment and geotechnical reports have also been completed. At 431 – 2 Avenue NE, asbestos abatement and house demolition are complete, while 423 and 425 – 2 Avenue NE remain leased, providing interim rental income during development planning. A rare opportunity to secure a high-density, development-ready investment site with substantial planning work completed, existing rental income and exceptional inner-city connectivity in one of Calgary's most desirable emerging urban districts.
Listed by: Jane Saini, CIR Realty

Home facts and features

Price details
List Price
$3,450,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
15000 ft²
Community
Agent details
Primary Agent
Primary Broker
CIR Realty
Listing details
Days on REW
1 Day
MLS® Number
A2356038
Source
Pillar 9
Board
Calgary Real Estate Board
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Property Insights

Italian School Of Calgary
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St. Angela Elementary School
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Langevin School
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Stanley Jones School
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Alberta Chung Wah School
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Calgary Chinese Private School
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Crescent Heights High School
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Red Deer Lake School
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Delta West Academy
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Discovering Choices
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Call Agent
Jane Saini
Phone:
(403) 837-5870
Cell:
403-837-5870
Office:
403-291-4440
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