A great opportunity for investors, developers and builders. This property is being sold for land value only although it is leased and generates an income. This 25' x 130' CC-MH (City Centre Multi-Residential High Rise District) zoned property allows to build up to 7 FAR (Floor Area Ratio). It is located on a quiet tree-lined street, very close to the parks, schools, grocery and a walking or biking distance to work. There are long -term tenants which helps in off-setting the holding costs. The property can be viewed subject to an offer and is being sold on an "as is where is" basis but feel free to drive-by. Please do not approach tenants. There is a potential to acquire the apartment building next door which would make this a desirable redevelopment property. Call the listing agent for further details or information package.
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on March 21st, 2018 at 10:30am MDT.