Listing Presented by Raynell Penner, Agent with (780) 238-0300
MLS®#: E4128153 $2,999,000 9412-9430 83 Street Edmonton AB T6C 2Z7
Description: One of the best development sites in the city. Approximately 30,000 sq ft of vacant land that developers may envision a large RA9/RA8 6 storey midrise apartment/condo building, or a smaller scale RA7 townhouse style project!!!! Valued at a very reasonable ~$100.00/sq foot (similar land projects currently priced/sold $130-140/sqft) - located on a quiet tree lined street, yet less than 400m (or a 90 second walk!!) from new LRT stop on the Valley line LRT. Approximately 30,000 square feet of land - the combination of 4 lots ( each lot is ~58' wide x ~140' deep - 4 titles). Currently there are 8 dilapidated 1/2 duplex residences, that are currently rented month to month at approximately $1000/month each(2 vacant). Each 1/2 duplex is; ~1000 sq ft above grade,3 bedrooms/1 bathroom,full basements. The currently duplexes are not salvageable for renovation and best option is infill. Potential for JV of 100 unit (2bdr/2bath) building which would have a value of ~$30M, and a build price of ~$15M.
Lot Square Feet: