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MLS®#: E4128153 $3,499,000 9412-9430 83 Street EDMONTON AB T6C 2Z7
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Description: Joint venture opportunity - RA8 amendments include an increase in FAR to 3.0, the removal of the 50% site coverage restriction, and the removal of maximum density. One of the best development sites in the city!!!! RA8/DC2 zoned and approved for 6 storey, 100-120 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.
Property Type:
COMMERCIAL
Property Sub-Type:
Land Commercial
Area:
Edmonton
Year Built:
2018
Age:
2
Acres:
0.679
Lot Square Feet:
29593
Zoning:
DC2
Community Name:
Holyrood
Courtesy of:
HOMES & GARDENS REAL ESTATE LIMITED
Bill Reid, Associate