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103 days on Market

107 40 Ave, Calgary, Alberta T2E 2M6

Detached
2 + 1
4 + 1
~1231.47 sqft
$1,800,000
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Detached
2 + 1
4 + 1
~1231.47 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,461/sqft

Est. Mortgage$7,730/mo

Tax Amount (2024)$2,921/yr

Days On Market103 days


Description

PRIME DEVELOPMENTAL OPPORTUNITY! Approved and rezoned M-H1 property in the desirable & mature community of Highland Park. The current M-H1 zoning offers an unparalleled investment opportunity which allows for an 6-8 storey (26 m) multi-residential development with commercial on the main floor. Capitalize on its close proximity and views to downtown Calgary, easy access to the city's vibrant core and future green line LRT, and its immediate income-producing potential as its current residential state. Strategically-located near local landmarks, transportation hubs, parks/playgrounds, and connectivity to both residential and commercial amenities. CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS!


Property Details

StyleBungalow
View-
Age of property1910
SqFt~1231.47 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2165483
Community NameHighland Park
Data SourcePILLAR 9
Listing byRE/MAX Real Estate (Central)

Features

Heating: Forced Air,Natural Gas
Basement: Finished,Full

Lower Floor

4pc Bathroom

0`0" x 0`0"

Kitchen

12`5" x 11`3"

Bedroom

12`0" x 9`1"

Game Room

13`3" x 12`10"


Features

Patio: Other

Parking

Garage spaces 1

Garage type -

Other parking spaces 3

Total parking spaces 4


Property listed by RE/MAX Real Estate (Central), Brokerage
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Population and Demographics

Overview

Total population 3432
Average household income $119,495

Age (%)

20 to 34
26%
35 to 49
24%
0 to 19
18%
50 to 64
18%
65 and plus
14%

Household composition (%)

Single family
47%
Single person
42%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
79%
Yue (Cantonese)
5%
Others
3%
Spanish
2%
Mandarin
2%
Arabic
2%
Tagalog (Pilipino, Filipino)
2%
French
2%

House tenancy (%)

Renters
61%
Owners
39%

Schools and amenities

Estimated Budget