1407 28 Street SW, Calgary, AB

About 1407 28 Street SW

Attention developers, builders and investors - this is a rare opportunity to secure an exceptional redevelopment site in Shaganappi, one of Calgary’s most established and strategically located inner-city communities. Situated on an approximately 47' x 150' M-C2 zoned lot, the property checks the boxes investors look for: scale, zoning, transit, holding income and a head start on redevelopment, with a Development Permit application already submitted for a proposed 10-unit multi-residential project. The existing residence and legal one-bedroom basement suite provide holding income while the redevelopment process moves forward. The location is equally compelling - just one block from the LRT, minutes from downtown, and close to Westbrook Mall, parks, schools, recreation and everyday amenities. With the zoning, income and redevelopment work already in motion, the groundwork has been laid - the next owner gets to capitalize on the opportunity. (id:67882)

How 1407 28 Street SW compares to Shaganappi

• $886 per sq ft, 94% above the Shaganappi median of $457.
• Listed 96 days, against a Shaganappi average of 64 days.

House details

Property type

Single Family

Parking

Other

Basement

Finished, Full, Separate entrance, Suite

Taxes

$5,552 / year

Days on market

96