Courtesy Of Michael A Pavone Of RE/MAX Elite
About 10541 81 Avenue
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
| 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 |
|---|---|
| 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
| Exterior | See Remarks |
|---|---|
| Construction | See Remarks |
Additional Information
| Date Listed | July 9th, 2024 |
|---|---|
| Days on Market | 168 |
| Zoning | Zone 15 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Michael A Pavone Of RE/MAX Elite |
|---|