1403 12 Street SW Calgary AB T3C 1B3 MLS #A1218356

Land Assembly Opportunity in the Calgary Beltline – with listing A1218993 for a total of $3,494,500.
Opportunity to develop, lease space out as and investment or use 1403 as an office and 1407 as personal residence.
Property can be purchase together with listing A1218993 or separate.

An amazing opportunity to acquire a very desirable, high density, multi-family development site in the Beltline. The current Land Use Classification/ Zoning on this property is CC-MH- Centre City Multi-Residential High-Rise District which allows for 5 times site coverage as a total buildable floor area. There is the potential to increase maximum site coverage to 7 times, as a total buildable area, by adding amenities to this new building project such as affordable housing, public space, active art space, innovative public amenity and others described in the City of Calgary’s Land Use Bylaw 1P2007 under Section 11 Division 7. Note there are Two (2) properties available that have been assembled to sell as a package and they are described as follows:
Property # 1: 1403 -12th Street SW Calgary, AB. This lot is 70’ wide x 75’ deep. The northern 70 feet of Lots 24, 25 & 26, Block 98 Plan A-1. This lot has 75 feet of exposure to 14 Avenue SW and 70 feet of exposure to 12 Street SW.
Property # 2: 1407 -12th Street SW Calgary, AB. This lot is 60’ wide x 75’ deep. The southern 60 feet of Lots 24, 25 and 26 Block 98 Plan A1. This lot has 70 feet of exposure to 12 Street SW.
This is a golden opportunity located close to restaurants and shops on 17th Avenue SW. Located in a pedestrian friendly urban environment with easy access to downtown.