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9412-9430 83 St Nw Edmonton, Alberta T6C 2Z7

$2,500,000

RA8 amendments include an increase in FAR to 3.0, the removal of the 50% site coverage restriction, and the removal of maximum density.* CMCH FINANCE FOR 95% LTV* One of the best development sites in the city!!!! RA8/DC2 zoned and approved for 6 storey, ~60 townhouse & large family sized apartment/condominium units with underground parking - located a quiet tree lined street, yet less than 400m from new LRT stop on the Valley line LRT. Approximately 30,000 square feet of land - the combination of 4 lots ( each lot is 58' wide x 128' deep - 4 titles). It has taken years to assemble the land and engage Stantec to go through the rezoning process for highest and best use. Currently there are 8 dilapidated 1/2 duplex residences, that are currently rented month to month at approximately $1000/month each(some vacant). Each 1/2 duplex is; ~1000 sq ft above grade,3 bedrooms/1 bathroom,full basements partially finished. The currently duplexes are not salvageable for renovation and best option is infill. (id:37337)

Business

Business Type Other
Business Sub Type See remarks

Property Details

MLS® Number E4128153
Property Type Vacant Land
Neigbourhood Holyrood
Features See Remarks

Building

Constructed Date 2018

Land

Acreage No
Size Irregular 29577.24
Size Total 29577.24 Sqft
Size Total Text 29577.24 Sqft

https://www.realtor.ca/real-estate/21395496/9412-9430-83-st-nw-edmonton-holyrood