Courtesy of Real Broker.
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 communities
Listing Information
- Prop. Type:
- Land
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4453167
- Neighbourhood:
- Ritchie
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $2,999,990
General Information
- Year Built:
- 1954