For Sale Future Development Land
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W FOR SALE FUTURE DEVELOPMENT LAND 514, 516 & 524 20TH AVE SW CALGARY, ALBERTA OPPORTUNITY On behalf of the Vendor, Cushman & Wakefield ULC (“Cushman & Wakefield”) is pleased to offer an opportunity to acquire a 100% freehold interest in three residential addresses with future development potential located less than half of a block off th4 Street SW, complete with in-place residential holding income. PROPERTY OVERVIEW Legal Plan 4453L; Block 3; Lots 15, 16 (east half) & 17 Address 514, 516 and 524 20th Ave SW, Calgary Land Use M-CG D110 (Multi-Residential - Contextual Grade Oriented District) Intended for medium density multi-residential development LOCATION DETAILS Located 50 meters off the busy 4th Street Main Street District, this assembly is made up of 3 municipal addresses with holding income in place. The subject properties are located mid-block in the community of Cliff Bungalow on the north side 4TH STREET SW STREET 4TH of 20th Avenue SW. This assembly SW STREET 4TH is proximal to Calgary’s Central Business District, the Main Street Commercial Corridors off 4th Street SW and 17th Avenue SW, the Macleod Trail Commercial Corridor, and one of Calgary’s most predominant shopping malls, Chinook Centre. Additionally, the location hosts nearby access to the City of Calgary’s public transportation network with bus th stops located along 4th Street, as 4 Street is nestled in the middle of the Mission, well as to main arterial routes such Cliff Bungalow and Beltline communities between as Macleod Trail, 17th Avenue S, historic sites and new urban development which is Crowchild Trail and Glenmore Trail. what makes this street so unique. PROPERTY OVERVIEWS 514 – 20TH AVENUE SW Site Price $1,100,000 Site Size 4,000 SF (33’4” x 120’) Buildable Units 4 Current Use 5 rentable units Year Built 1923 Property Taxes $4,806.75 (2020) 516 – 20TH AVENUE SW Site Price $835,000 Site Size 3,051 SF (25’5” x 120’) Buildable Units 3 Current Use 5 rentable units Year Built 1910 Property Taxes $4,806.75 (2020) 524 – 20TH AVENUE SW Site Price $1,650,000 Site Size 6,000 SF (50’ x 120’) Buildable Units 6 Current Use Complete house leasable Year Built 1920 Property Taxes $4,795.47 (2020) Trolley 5 Philosafy Coffee Ship & Anchor Lulu Bar Model Milk N Petro-Canada Scotiabank 120’ 50’ 58’9” Lindsay Blaze Pizza Park Frilly Lilly OEB Breakfast RBC Mercato Lululemon Joyce on 4th Earls Shoppers Drug Mart Earl Grey Park Safeway 2KM SOUTH FROM $83,931 MEDIAN DOWNTOWN CALGARY HOUSEHOLD INCOME 20,978 35 76% POPULATION MEDIAN AGE EMPLOYMENT RATE Demographics: 1km Radius from site 17TH AVE SW 4 TH S T R E E T S W FOR MORE INFORMATION, CONTACT: Marc Rosso Zach Boyer Vice President Associate Investment Sales Group Investment Sales Group Direct Tel: 403 261 1127 Direct Tel: 403 261 1164 [email protected] [email protected] These statements are based upon the information furnished by the principal and sources, which we deem reliable - for which we assume no responsibility and is subject to verification during a formal due diligence period. This submission is made subject to prior sale, change in price or terms, or withdrawal without notice. Prospective purchasers should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation..