Residential Land Property Sold in Beltline, Calgary at Xxxx Xx Street Sw

Xxxx Xx Street Sw
Calgary - Beltline
Land
Sold for: $XXXXXXX
Listed for: $XXXXXXX
Sold 212 days ago
0 Baths
.12 Acres

A Rare Land Assembly Opportunity in an Urban-Residential setting is for sale in the heart of the Beltline.
On the corner of 14th Avenue and 12th Street SW, the site overlooks a green space to the north,
expansive downtown vistas to the east and is walking distance to amenities including 17th Avenue SW to
the south. If Sold together with 1407 12 Street SW (MLS # A1218993) the assembled site is 75ft x 130ft.
The current land use classification is Centre City Multi-Residential High-Rise (CC-MH) which allows five
times (FAR 5) a total buildable area of 48,800 sqft. An increase to FAR 7, a total buildable area of 68,362
sqft, may be attainable by including amenities as per the City of Calgary Land Use Bylaw 192007, Sec.11,
Div 7. As either a Purpose Built Rental or as a Unit For Sale development, the site may accommodate a
variety of building forms in either concrete or wood frame. A City of Calgary Pre-Application Review was
completed in January 2023. The review is based on a proposed 49-unit development consisting of 7
townhomes and 42 apartment-style homes over underground parking. The Pre-Application Review is
available for your review upon acceptance of a Non-Disclosure Agreement (NDA). As a Holding Property,
1403 operates as a character home converted to Offices and residential suites. In addition, 1407 is
currently owner occupied and has been used as a residential rental property. It is rare to find a property
in a desirable urban-residential development setting with potential to accommodate a variety of
personal Investment and Development opportunities. Please review the Property Brochure attached in supplements.

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Essential Information
MLS® #A2035369
Last Ask Price$XXXXXXX
Sale Price$XXXXXXX
Sale Date2023-08-29
Days on Market153
Bathrooms0.00
Acres0.12
TypeLand
Sub-TypeResidential Land
StatusSold
Community Information
AddressXxxx Xx Street Sw
SubdivisionBeltline
CountyCalgary
ProvinceAlberta
Postal CodeT3C1B3
Additional Information
ZoningCC-MH
HOA Fees0.00
Office

SOTHEBY'S INTERNATIONAL REALTY CANADA

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