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9412-9430 83 St Nw Edmonton, Alberta T6C 2Z7

$2,600,000

One of the best development sites in the city. Approximately 30,000 sq ft of vacant land that developers may envision a large RA9/RA8 6 storey midrise apartment/condo building, or a smaller scale RA7 townhouse style project!!!! Valued at a very reasonable ~$85.00/sq foot (similar land projects currently priced/sold $130-140/sqft) - located on a quiet tree lined street, yet less than 400m (or a 90 second walk!!) 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 ~140' deep - 4 titles). Currently there are 8 dilapidated 1/2 duplex residences, that are currently rented month to month at approximately $1000/month each(2 vacant). Potential for JV of 100 unit (2bdr/2bath) building which would have a value of ~$30M, and a build price of ~$15M. BUILDER/DEVEOPER COULD ALSO BUILD (9 SKINNY HOMES) OR (10 -1/2 DUPLEXES)!!! (id:42336)

Business

Business Type Other
Business Sub Type See remarks

Property Details

MLS® Number E4128153
Property Type Vacant Land
Neigbourhood Holyrood
Features See Remarks

Building

Constructed Date 2018

Land

Acreage No
Size Irregular 29577.24
Size Total 29577.24 Sqft
Size Total Text 29577.24 Sqft

https://www.realtor.ca/real-estate/21395496/9412-9430-83-st-nw-edmonton-holyrood

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Bill Reid
Associate

(780) 616-8497
(780) 436-6178
goo.gl/EAU6rv

Homes & Gardens Real Estate Limited
3659 99 St Nw
Edmonton, Alberta T6E 6K5

(780) 436-1162
(780) 436-6178

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