4220 Centre Street Ne, Calgary, Alberta

$975,000

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3

Beds

1

Bath

1,054

Square feet

0.13

Acres

About 4220 Centre Street Ne

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.

Features of 4220 Centre Street Ne

MLS® # A2181615
Price $975,000
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 1,054
Acres 0.13
Year Built 1953
Type Residential
Sub-Type Detached
Style Bungalow
Status Active

Community Information

Address 4220 Centre Street Ne
Subdivision Highland Park
City Calgary
County Calgary
Province Alberta
Postal Code T2E2Y9

Amenities

Parking Spaces 2
Parking Parking Pad, Single Garage Detached
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Interior Features See Remarks
Appliances See Remarks
Heating Forced Air
Cooling None
Fireplace No
Has Basement Yes
Basement See Remarks

Exterior

Exterior Features Other
Lot Description Back Lane, Back Yard, Corner Lot, Front Yard
Roof Asphalt Shingle
Construction Stucco, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed December 3rd, 2024
Days on Market 21
Zoning R-CG
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCharles

Listing Map