BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above.
Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request.
With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community.
Address
4220 Centre Street NE
List Price
$975,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary CC
Sub-Area
Highland Park
Bedrooms
3
Bathrooms
1
Floor Area
1,054 Sq. Ft.
Lot Size
5801 Sq. Ft.
Year Built
1953
MLS® Number
A2181615
Listing Brokerage
Charles
Basement Area
See Remarks
Postal Code
T2E2Y9
Zoning
R-CG
Site Influences
Back Lane, Back Yard, Corner Lot, Front Yard, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Sidewalks, Street Lights