Approx 21,342 sq ft lot located between College Lane & 7th St SW. With a current monthly income of $13,900 this makes for the perfect income generating/holding property while you plan your development. College Street frontage of 125' with a depth of 190'. Purchase includes 4 single family and 1 multi-family building (Pearl Apartments) all under separate title, zoned M-C2. Across from Western Canada High and 1 block off of 17th Ave SW. Close to all amenities, transit and downtown. With a successful re-designation to MU-1: Total Parcel Area: 21,342 ft2 @ 3.7 FAR, the GFA =78,965.40 ft2@ 85% efficiency = sellable area of 67,120.59 ft2. With an average unit size of 600 ft2, 67,120 ft2 of sellable area =112 units
Address
1735 & 1743 College Lane SW - 1734,1736,1738 7 St SW
List Price
$6,900,000
Type of Dwelling
Multi Family
Area
Calgary CC
Sub-Area
Lower Mount Royal
MLS® Number
CZEXCLUSIVE
Listing Brokerage
Royal LePage Benchmark
