107 40 Avenue NE, Calgary, Alberta, T2E 2M6

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$ 1,800,000

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Bed

Full Bath

1231

SqFt

$1461

/ SqFt

Neighbourhood:

North East

Type

Residential

MLS® #:

A2165483

Year Built:

1910

Days on Market:

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Schools Near By

Vista Heights School	2411 Vermilion St NE Calgary, AB T2E 6J3
Stanley Jones School	950 6 St NE Calgary, AB T2E 8M3
Mount View School	2004 4 St NE Calgary, AB T2E 3T8
Mayland Heights School	2324 Maunsell Dr NE Calgary, AB T2E 6A2
Georges P. Vanier School	509 32 Ave NE Calgary, AB T2E 2H3
Colonel Macleod School	1610 6 St NE Calgary, AB T2E 3Y9
Buchanan School	3717 Centre St NW Calgary, AB T2E 2Y2
Belfast School	1229 17A St NE Calgary, AB T2E 4V4

Description

PRIME DEVELOPMENTAL OPPORTUNITY! Approved and rezoned M-H1 property in the desirable & mature community of Highland Park. The current M-H1 zoning offers an unparalleled investment opportunity which allows for an 6-8 storey (26 m) multi-residential development with commercial on the main floor. Capitalize on its close proximity and views to downtown Calgary, easy access to the city's vibrant core and future green line LRT, and its immediate income-producing potential as its current residential state. Strategically-located near local landmarks, transportation hubs, parks/playgrounds, and connectivity to both residential and commercial amenities. CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS!

107 40 Avenue NE - Subdivision Statistics

Avg. asking price	1,800,000
Price per sq. ft.	1461.6678

Essential Information

Listing ID	A2165483
Price	1,800,000
Bedrooms	3
Full Baths	3
Half Baths	1
Lot Features	City Lot
Lot Size Acres	0.16
Year Built
Type	Residential
Sub-Type	Detached
Status	Active

Community Information

Address	107 40 Avenue NE
City	Calgary
Latitude	51.08857012
Longitude	-114.06144129
State or Province	Alberta
Street Dir Prefix
Street Dir Suffix	NE
Zoning	M-H1
District	CAL Zone CC
Postal Code	T2E 2M6
Major Change Type	New Listing
Major Change Timestamp	2024-09-12T18:13:19.250

Amenities

Parking Spaces	4
Parking	4

Interior

Heating	Forced Air,Natural Gas
Cooling	None
Has Basement	Finished,Full
Fireplace
Flooring	Other

Exterior

Exterior Features	Lighting,Other
Roof	Asphalt Shingle
Construction	Bungalow
Foundation	Poured Concrete
Fencing	Partial
Pool Features

Additional Information

Listing key Numeric	94666968
Unit Number
Structure Type	House
Direction Faces	N
Building Area Total
Listing Contract Date	2024-09-10

Room Dimensions

Interior Features	See Remarks
Bathrooms Total	4
Appliances	See Remarks
Utilities
Suite	No
Below Grade Finished Area Units	SquareFeet

Additional Information

Days on Market	69
Public Remarks	PRIME DEVELOPMENTAL OPPORTUNITY! Approved and rezoned M-H1 property in the desirable & mature community of Highland Park. The current M-H1 zoning offers an unparalleled investment opportunity which allows for an 6-8 storey (26 m) multi-residential development with commercial on the main floor. Capitalize on its close proximity and views to downtown Calgary, easy access to the city's vibrant core and future green line LRT, and its immediate income-producing potential as its current residential state. Strategically-located near local landmarks, transportation hubs, parks/playgrounds, and connectivity to both residential and commercial amenities. CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS!
Standard Status	Active
Legalplan	3674S
Levels	One