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120' frontage Winston Heights / Mountview

This is a 2 lot parcel opportunity, comprised of 2 -60' frontage lots, only to be sold as a parcel

Seller asking $2,000,000 for both properties

Both properties are currently zoned R-C2, which permits contextually sensitive redevelopment in the form of duplexes and semi-detached houses. In the North Hill Local Area Plan (the overarching statutory plan for the neighborhood), the properties are identified as 'neighborhood local' with a limited building scale (3 storeys max). In this situation, you would not be able to pursue greater density than 2 duplexes with 2 secondary suites, per property (all permitted uses) while still remaining in compliance with the existing planning documents.

Property Description

Location! Location! Location! Welcome to an exceptional investment opportunity in the sought-after community of Winston Heights. Attention builders, developers, investors, or families looking to design & build a DREAM home with a 120 feet frontage. This RC2 Lot on a quiet & private street presents as an ideal canvas for a teardown and rebuild project. This large lot will accommodate a new built home with potential for Legal suite down or carriage house build with Municipal Approvals requirements. OR subdivide the lot to build luxury homes (can accommodate a side by side /duplex). Seller will accommodateviewings after offer acceptance. This investment offers immense potential for a lucrative development in a highly desirable neighbourhood. Situated in the heart of Winston Heights, this property's zoning classification as RC-2 opens the door to numerous possibilities for development. In the community of Winston Heights, this property offers proximity to a wide array of amenities and takes advantage of renowned schools, beautiful parks, and recreational facilities, all just moments away. Enjoy the convenience of nearby shopping centers, trendy restaurants, and easy access to 16th Ave, Crowchild Trail, Memorial Dr, playground, parks, close proximity to SAIT, Foothills and Children’s Hospital, and U of C. Seize this chance to create a valuable asset and establish your presence in one of Calgary's most sought-after communities. For a limited time, these 2 properties are being sold as one parcel. Profit from this fantastic chance for investment! 

Potential

As always, you are within your rights to petition the city for a spot zone to accommodate a denser land use, such as R-CG or H-GO. However, neither would be supportable outright and any potential upzone would face a public hearing and would be at the whim of Council. The properties are ~500m from a max orange brt station, which is not close enough to justify it's reference in a rezoning application.

In summary it is reasonable at time of writing that you can achieve 4 units in 2 duplex buildings, both with 2 secondary suites (either basement or laneway).

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