David Song
(403) 702-6888

KEY REALTY GROUP INC.
403-702-6888

526 16 Avenue NW
  Calgary , Alberta   T2M 0J4
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526 16 Avenue NW For Sale

$5,790,000
Calgary, Alberta

Transaction Type
For Sale
Days On Market
245
Zoning
C-COR1 f5.0h37
Year Built
1963
Property Type
Commercial
Building Area (Sq. Ft.)
10696.00
Lot Size (Sq. Ft.)
22260

Listing ID: 21446
MLS ID: A2062019
Introducing an income-producing commercial property with over 0.5 acres of land and a 10,000+ sq ft building located along Calgary's major corridor, the TransCanada Hwy. Positioned near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary, this property offers exceptional potential for redevelopment with mixed-use buildings. Zoned for C-cor 2, it boasts a 5.0 FAR and a maximum height of 37 meters, priced at approximately $52.00 per buildable square foot. With an effective gross income of $230,000/annual and NOI of $100,000/annual, this property presents a highly attractive investment opportunity for developers and investors. The North Hill Community's vision to create the next "Yonge and Eglington" in Canada adds further value to this promising location. The conceptual sketch is for demonstration only.
Transaction Type
For Sale
Title
Fee Simple
Days On Market
245
Zoning
C-COR1 f5.0h37
Subdivision
Mount Pleasant
Building Type
Free-Standing,Office Building,Retail
Year Built
1963
Structure Type
Retail
Property Type
Commercial
Property Sub Type
Retail
Legal Plan
2934O
Building Area (Sq. Ft.)
10696.00
Building Area (Sq. M.)
993.68
Lot Size (Sq. Ft.)
22260
Lot Size (Acres)
0.51
Construction Type
Other
Roof
Asphalt/Gravel
Foundation
Perimeter Wall,Slab
Cooling
Central Air
Heating
Standard,Forced Air,Natural Gas
Access to Property
Front and Rear Drive access,Direct Access
Inclusions
none
Restrictions
None Known
Reports
None

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