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    502, 508 & 512 17 Avenue NE

    Calgary, AB T2E 1M1
    • $1,599,900
    • STATUS: Active
    • ID#: A1083041
    UPDATED: 8 min ago
    $1,599,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,786
      SQFT
    • $896
      $/SQFT
    Neighbourhood:
    Type:
    Multi-Family
    Built:
    1948
    Area:

    Description

    Developers and Investors your opportunity awaits with this turn key project being sold with an approved DevelopmentPermit included in the sale. The project plans are for 20 stylish units in a building designed by award-winning Sturgess Architecture to appeal to a sophisticated mix of discerning individuals looking to purchase luxury townhomes to own or for investors to build and sell, or as a fantastic rental building. Featuring 12 of the units looking directly onto the newly refurbished Munro Park & the other 8 to look onto the CO-OP site which is soon to be completely rebuilt with a beautiful 2 storey CO-OP store, mixed-use development, new gas station & car wash. The Munro project was thoughtfully designed to include private patios, decks & even roof-top patios to enjoy stunning city & mountain views. Parking was designed to minimize one of the most expensive costs of a project by not building an underground parking lot, but instead build an at grade, covered parking garage. Above the garage, much thought was put into creating additional communal space for the residents, possible bbq area, built-in seating & access into the upper units. The building itself was thoughtfully designed as a 4 storey building with transitions to lower heights to neighbouring properties, but maximizing heights everywhere else. A combination of 1, 2, & 3 bedroom units with ranging from approx. 600 - 1800 sq. ft. The Munro Project was designed to fit perfectly into the location by utilizing the Munro Park, CO-OP new store, gas station, and mixed-use development across the street, along with raising the bar with a building with a modern, yet timeless style & design. Munro Park was recently upgraded with a new running track, work-out stations, picnic area, soccer field, a baseball diamond & even designed with parking for food trucks. Use the approved DP design or start from scratch with your own plans and the new M-C1 zoning. Options are endless for this fantastic location. Call for further details or check the links to view the renderings and design features. M-C1 zoned land allows for up to 22 units on the 3 combined lots. The two houses at 508 & 512 are currently rented. 512 has featured substantial renovations including a new kitchen, appliances, bathroom + many more to make this a great holding property. 508 has had several updates as well. 502 is a vacant lot, but avoids demolition costs as well.

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    Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-04-18T23:29:46.747.
    www.searchcalgaryonline.com/homes/115302019
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    502, 508 & 512 17 Avenue NE Calgary, AB T2E 1M1

    • Price: $1,599,900
    • Status: Active
    • Updated: 8 min ago
    • ID#: A1083041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,786
    SQFT
    $896
    $/SQFT
    1948
    Built
    Neighbourhood:
    Winston Heights/Mountview
    Area:
    Calgary
    Property Description
    Developers and Investors your opportunity awaits with this turn key project being sold with an approved DevelopmentPermit included in the sale. The project plans are for 20 stylish units in a building designed by award-winning Sturgess Architecture to appeal to a sophisticated mix of discerning individuals looking to purchase luxury townhomes to own or for investors to build and sell, or as a fantastic rental building. Featuring 12 of the units looking directly onto the newly refurbished Munro Park & the other 8 to look onto the CO-OP site which is soon to be completely rebuilt with a beautiful 2 storey CO-OP store, mixed-use development, new gas station & car wash. The Munro project was thoughtfully designed to include private patios, decks & even roof-top patios to enjoy stunning city & mountain views. Parking was designed to minimize one of the most expensive costs of a project by not building an underground parking lot, but instead build an at grade, covered parking garage. Above the garage, much thought was put into creating additional communal space for the residents, possible bbq area, built-in seating & access into the upper units. The building itself was thoughtfully designed as a 4 storey building with transitions to lower heights to neighbouring properties, but maximizing heights everywhere else. A combination of 1, 2, & 3 bedroom units with ranging from approx. 600 - 1800 sq. ft. The Munro Project was designed to fit perfectly into the location by utilizing the Munro Park, CO-OP new store, gas station, and mixed-use development across the street, along with raising the bar with a building with a modern, yet timeless style & design. Munro Park was recently upgraded with a new running track, work-out stations, picnic area, soccer field, a baseball diamond & even designed with parking for food trucks. Use the approved DP design or start from scratch with your own plans and the new M-C1 zoning. Options are endless for this fantastic location. Call for further details or check the links to view the renderings and design features. M-C1 zoned land allows for up to 22 units on the 3 combined lots. The two houses at 508 & 512 are currently rented. 512 has featured substantial renovations including a new kitchen, appliances, bathroom + many more to make this a great holding property. 508 has had several updates as well. 502 is a vacant lot, but avoids demolition costs as well.
    Exterior Features

    Architectural Style Bungalow Levels One Parking Total 4 Structure Type Five Plus

    Interior Features

    Building Area Total SF 0.00 Ensuite YN No

    Property Features

    Additional Parcels YN No Building Area Total 0.00 District Cal Zone Cc Inclusions 2 Sets Of Appliances. One Set For 508 & Another For 512. Property Sub Type Row/Townhouse Title Land Fee Simple Transaction Type For Sale Zoning M-C1

    Listing provided courtesy of Re/Max House Of Real Estate. © 2021 CREB®. All Rights Reserved.
    Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-04-18T23:29:46.747.
     
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    Western Elite Real Estate Group | RE/MAX
    518-9th Avenue SE
    Calgary AB, T2G 0S1