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Home AB Greater Edmonton Edmonton Queen Alexandra
10541 81 AV NW
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10541 81 AV NW $2,495,000
$2,495,000
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10541 81 AV NW
Edmonton, Alberta T6E1X7

MLS® Number: E4396531

Listing Description

PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33 x 132. Total site measures 132 wide x 132 deep for a total of 17,424 sq.ft. Directly south of South Parks approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027. Garage has rental income as well. Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5. (31544691)

Property Summary

Property Type
Vacant Land
Neighbourhood Name
Queen Alexandra
Land Size
17424 sqft
Built in
1937
Total Parking Spaces
21
Time on REALTOR.ca
118 days

Legal Description

Plan :- I26 Block :- 48 Lot :- 9

Building

Parking
Total Parking Spaces
21

Measurements

Square Footage
5872 sqft
Data provided by: REALTORS® Association of Edmonton 101 - 18354 118 Avenue NW Avenue, EDMONTON, Alberta T5S 2G2

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