Courtesy Of Michael A Pavone Of RE/MAX Elite

10541 81 Avenue Nw, Edmonton, AB

$2,495,000

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About 10541 81 Avenue Nw

PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AREA PROPERTY! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue Area. This site is 4 lots measuring 33’ x 132’. Total site measures 132’ wide x 132’ deep for a total of 17,424 sq.ft. Directly south of South Park’s approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027. Garage has rental income as well. Site has Medium Residential zoning and falls within the Strathcona Area Redevelopment Plan which allows 21 Meter height rezone good for 6 stories. Zoning Mixed Use (MU h16 f3.5 cf) Very high density with FAR 3.5.

Features of 10541 81 Avenue Nw

MLS® # E4396531
Price $2,495,000
Bathrooms 0.00
Acres 0.00
Year Built 1937
Type Land Commercial
Status Active

Community Information

Address 10541 81 Avenue Nw
Area Edmonton
Subdivision Queen Alexandra
City Edmonton
County ALBERTA
Province AB
Postal Code T6E 1X7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Construction See Remarks

Additional Information

Date Listed July 9th, 2024
Days on Market 157
Zoning Zone 15
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Michael A Pavone Of RE/MAX Elite

Listing Map

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