Property Details

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4220 Centre Street NE
Calgary (A2181615)

$975,000
3
1
1,054 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

BUILDERS AND INVESTORS CORNER LOT - Located in the heart of Highland Park, this corner lot spans 5,801 square feet and presents an exceptional investment opportunity. Supported by the City of Calgary, Development Permit (DP) and rezoning applications are already underway, guided by an approved community master plan. With MU-1 zoning potential, this property allows for main-floor commercial use with up to six stories of residential above. Positioned on a busy road, the property ensures excellent visibility for commercial ventures. It also benefits from NE Calgary’s lower property taxes and CMHC financing availability, making it a strategic financial choice. Included in the deal are architectural drawings that have been reviewed and supported by the City of Calgary, with city comments regarding proposed development available upon request. With a $3.5 million valuation, this lot sits in a highly visible and vibrant stretch with multiple other development opportunities along the same street. Its location and approved potential make it a standout choice for developers and investors alike. Proximity to the proposed Green Line only adds to its long-term appeal, presenting a rare opportunity to be part of a growing and dynamic community.

Property details

Basic Info

MLS® #
A2181615
Property Type:
Residential
Subtype:
Detached
Subdivision:
Highland Park
Price
$975,000
Sale/Lease:
For Sale
Size:
1,054 sq.ft.
Bedrooms:
3
Bathrooms:
1
Year Built:
1953 (71 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Parking Pad, Single Garage Detached
Basement:
See Remarks
Features:
See Remarks
Inclusions:
N/A
Appliances:
See Remarks
Laundry:
Other
Exterior Features:
Other
Patio/Porch Features:
None

Neighborhood Info

Nearby Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.13 acres
Lot Features:
Back Lane, Back Yard, Corner Lot, Front Yard
Zoning:
R-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Stucco,Wood Frame
Floors:
Laminate
Foundation:
Poured Concrete
Heating:
Forced Air
Cooling:
None
Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Listing Info

Possession:
Negotiable
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