Courtesy Of Bill Reid Of Homes & Gardens Real Estate Limited.

9412-9430 83 Street Nw, Edmonton

$2,999,000

0 Bed
0 Bath
.68 Acre
0 Garage

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.

Essential Information
MLS® #E4128171
Price$2,999,000
Bathrooms0.00
Acres0.68
TypeSingle Family
Sub-TypeVacant Lot
StatusACTIVE
Community Information
Address9412-9430 83 Street Nw
AreaEdmonton
SubdivisionHolyrood
CityEdmonton
CountyALBERTA
StateAB
Zip CodeT6C 2Z7
Exterior
Exterior FeaturesSee Remarks
Additional Information
Date ListedSeptember 6th, 2018
ZoningDC2
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Listing information last updated on May 15th, 2021 at 5:16am MDT.