4
2801-24A STREET SW CALGARY, ALBERTA Multi-Family Development Land ±12,293 sf For Sale LIST PRICE: $1,500,000
2 8 0 1 - 2 4 A S T R E E T S WC A L G A R Y, A L B E R T A
M u l t i - F a m i l y D e v e l o p m e n t L a n d
±12,293 sfFor Sale
LIST PRICE: $1,500,000
2801-24A STREET SW, CALGARY, ALBERTAMULTI-FAMILY DEVELOPMENT LAND OPPORTUNITY
THE OPPORTUNITY
JLL is pleased to present an excellent opportunity to acquire a multi-family redevelopment site located in the inner-city neighborhood of Richmond (the “Property”). The Property is strategically located in the rapidly gentrifying and established inner-city community of Killarney. More specifically, the Property is situated south of 26 Avenue SW, immediately west of 24A Street SW.
The Property is also conveniently located in relation to the downtown core. Future residents will enjoy a quick 10 minute commute and will have access to numerous Calgary Transit bus stops within the area. This site is considered an exceptional redevelopment opportunity given the built-out nature of the area.
DEVELOPMENT INFORMATION
• The Property is zoned Multi-Residential – Contextual Low Profile (M-C1)
• According to The City of Calgary Land Use Bylaw, the maximum density is 148 units per hectare
• Based on the current zoning, approximately 17 residential units can be developed on the Property
PROPERTY SUMMARY
PROPERTY ADDRESS
2801 - 24A Street SW
LAND AREA
12,293 SF
Legal Description
Plan 56610Block 47; Lots 1 – 4
COMMUNITYKillarney
Land Use Designation
M-C1
Frontage100’
DEPTH125’
SITEIMPROVEMENTS6,393 square foot
conventional steel and concrete block
warehouse
Downtown
±12,293 sfFor Sale
26 A
VE S
W
CROWCHILD TRAIL SW12 MINS toDowntown Calgary
2801 - 24A Street SW, Calgary, Alberta
29 MINS to Calgary International Airport
6 MINS to Westbrook Mall
Direct Exposure to 26 Ave SW
Wide variety of retail in close proximately
Bus Routes throughout the city
Direct Exposure to Crowchild Trail SW
LOCATION HIGHLIGHTS
2801-24A STREET SW, CALGARY, ALBERTAMULTI-FAMILY DEVELOPMENT LAND OPPORTUNITY
The Property is situated in an exceptional location on 26th Avenue SW and benefits from the convenience of being located between the retail corridors of 17 Avenue SW and 33 Avenue SW. The multitude of amenities located in each of these corridors is within a one kilometer walking radius to the subject site.
Bow Trail SW 8 St
reet
SW
KILLARNEY/GLENGARRY
RUTLAND PARK
CURRIE BARRACKS
GLENBROOK
LOWER MOUNT ROYAL
SHAGANAPPI
UPPER MOUNT ROYAL
ROSSCARROCK
GLENDALE
ELBOW PARK
SCARBORO/SUNALTA WEST
BANKVIEW
SCARBORO
RICHMOND
SOUTH CALGARY
Cro
wch
ild T
rail
SW
29 S
treet
SW
37 S
treet
SW
45 S
treet
SW
26 Avenue SW
17 Avenue SW
33 Avenue SW
Richmond Road SW
MARDA LOOP
WESTBROOK MALL
SUBJECT PROPERTY
COMMUNITY PROFILE (3km Radius)
Total Population 98,846
Households 47,651
Ave. Household Income $147,651
Median Age 36
Owned Dwellings 24,953
Rented Dwellings 22,698
±12,293 sfFor Sale
JLL CAPITAL MARKETSjll.ca I 403-456-2233Suite 500 - 301 8th Ave SW Calgary, AB T2P 1C5
KEN WESTHAVER JLL Capital Markets, CalgaryLand Services & DevelopmentSenior Vice President(403) [email protected]
RYAN MURPHY JLL Capital Markets, Calgary Senior Sales Associate (403) 456-5582 [email protected]
All inquiries regarding the Property should be directed to:
DISCLAIMER© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from JLL.
OFFERING PROCESS
Jones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. The Property is being offered with a list price of $1,500,000. Prospective purchasers should also be aware that a virtual data room (Box account) is setup to facilitate access to key property-related documents. Please contact either of the undersigned to arrange access to this website.
±12,293 sfFor Sale
