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

Price:
$975,000
MLS #:
A2181615
Status:
Active
Beds:
3
Baths:
1
Address:
4220 Centre Street NE
Type:
Single Family
Subtype:
Detached
Subdivision:
Highland Park
City:
Calgary
Listed Date:
Dec 4, 2024
Province:
AB
Finished Sq Ft:
1,054
Postal Code:
229
Lot Size:
5,801 sqft / 0.13 acres (approx)
Year Built:
1953

Schools

Interior

Appliances
See Remarks
Basement
See Remarks
Bathrooms Full
1
Laundry Features
Other

Exterior

Exterior Features
Other
Lot Features
Back Lane, Back Yard, Corner Lot, Front Yard
Parking Features
Parking Pad, Single Garage Detached
Parking Total
2
Patio And Porch Features
None
Roof
Asphalt Shingle

Financial

Map

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4220 Centre Street NE
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