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$ 2,999,990
Est. payment | /mo
5,950 SqFt
$ 2,999,990
Est. payment | /mo
5,950 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,950 sqft
Price per Sqft $504
MLS® Listing ID 43690221
Year Built 1954
Lot Size 0.600 Acres
Acres 26136.0
Source REALTORS® Association of Edmonton – Commercial
Property Description
PRIME DEVELOPMENT OPPORTUNITY - The site also offers redevelopment potential; a 34-unit (17-townhouse) concept plan available --- ACQUIRE THIS EXPANSIVE 198 wide x 132 deep LAND PARCEL in the heart of the highly desirable Ritchie neighbourhood—celebrated for its vibrant community, walkability to Whyte Avenue, Mill Creek & Downtown. The property spans 2 parcels; One includes a former church (~2,500 sq. ft. per floor over 2 floors, complete with elevator & full commercial-style kitchen); The other a livable home onsite ideal for staff accommodations, rental income, or future redevelopment. The site also offers redevelopment potential; a 34-unit (17-townhouse) concept plan. Multiple exit strategies exist—activate immediately as a turnkey facility, lease for stable holding income, or land bank for long-term appreciation. Strong area demographics, high demand & rare assembly width, make this a once-in-a-decade chance to secure a premier site in one of the most sought-after communitiesOther Property Types: Commercial Land,InstitutionalOwnership Interest: PrivateReports Available: Floor Plans,Site Plans,Environ. Site ProfileSite Services: Fully ServicedSite Influences: Flat Site,Playground Nearby,Back Lane,Schools,Subdividable LotTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Adam Benke / Mark SwaenepoelAppointment Phone: 780-221-6106 (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Real Broker
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Franco Maione
Real Broker