Calgary, AB T2M0C4 115A 12 Avenue NW

To be sold with 115 for this price. Each of these Properties measures 25’x120’ for a combined area of 6,000 sf. At this time, there are two older homes on the lots, each of which were constructed in the early1930s. Although the homes have been rented out until recently, and can be again, these properties are being sold by lot value. The Properties are currently zoned as M-C1 which allows for a maximum density of 148 units/hectare. Under this designation, the combined Properties allow for a development that could house 8 units. The Properties are currently under the Crescent Heights Area Redevelopment Plan, approved by Council in 1997. They are also under the North Bow Special Study area, approved in 1979 and the Centre Street North Special Study, approved in 1989. Most significantly, they are also under the North Hill Communities Local Area Plan, currently in development by the City of Calgary. While not yet approved, the plan could significantly alter the potential of the Properties.