Waterfront
Address
9999 146 Avenue SE Calgary, AB
Price
$ 34,500,000
Property Attributes
  • MLS#C4290622
  • TypeLand
  • CityCalgary
  • Postal CodeT3S0A7
  • Style
  • Price$ 34,500,000
  • Bedrooms0
  • Full Bathrooms0+0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Re/Max Realty Professionals
Property Description

160 acres of residential development land, located in southeast Calgary. This Property is currently in the holding district of S-FUD (Special Purpose – Future Urban District). Located within the planned community of Hotchkiss, the subject property, as set forth in the South Shepard Area Structure Plan (the “ASP”), is to be developed into a future residential subdivision consistent in form and density with many of its currently built-out neighbours (Mahogany, Auburn Bay, and Copperfield). As one of Calgary’s dominant growth corridors, the southeast sector is largely built-out, with the remaining development capacity largely in the control of only a handful of developers. Adjacent to the Property two of Calgary’s premier developers (e.g. Hopewell Residential and Melcor Developments Ltd.) have already received development approval from The City of Calgary. Site servicing is expected to commence in the spring of 2020. • The ASP is in place and it secures the Property’s future as a residential development parcel • The Growth Management Overlay has been lifted by The City to allow development of the adjacent lands by both Hopewell and Melcor, with Hopewell front-ending the majority of the infrastructure for the area• The southeast sector is forecasted by The City of Calgary to secure 28% of residential demand (2018-2022)• With the majority of lands in the southeast already controlled by some of Calgary’s premiere developers, there are almost no other options available to acquire land for large scale residential development. • The land has been in continual agricultural use, has not had any industrial use since initial registration, and there are no known environmental liabilities. The Property is located just to the east of Stoney Trail SE and north of Highway 22X.

Price History
3/13/2020 Listed $34,500,000

General Features

Listing Type Vacant Land
Parking no
Terms SALE
Wheel Chair Access no
Zoning S-FUD

Interior Features

Fireplace no
Total Baths 0+0

Exterior Features

Garage no
Lot Size 6974124
Pool Y/N no
Waterfront yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T3S0A7

Price
AVG $20.96M
$34.5M
Visits
AVG 39
69

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