REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,299,000
Est. payment /mo
Active
526 16 AVE NW Calgary, AB T2M 0J4
0.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Mount Pleasant
MLS® Listing ID A2273010
Year Built 1963
Annual Tax Amount $66,140
Tax Year 2025
Lot Size 0.511 Acres
Acres 0.51
Property Sub-Type Retail
Source Calgary
Property Description
Investor & Developer Alert! An exceptional commercial redevelopment opportunity in one of Calgary's most strategic and high-exposure corridors. This 0.51-acre property features a 10,000+ sq ft commercial building and is ideally positioned along the TransCanada Highway, offering outstanding visibility and convenient access to major destinations including downtown, YYC Airport, Deerfoot Trail, SAIT, and the University of Calgary. Zoned C-COR1, with a generous 4.0 FAR and a permitted 37m building height under the North Hill Community Area Plan, this site presents significant potential for large-scale mixed-use development, including residential units, commercial retail, a vibrant strip mall, professional services, or medical-related uses. The existing building is a strong income producer, generating approximately $240,000 in effective gross income annually with a $100,000 NOI, making it an ideal holding property while planning your redevelopment. The lot offers ample on-site parking, high traffic exposure, and a prime location that supports long-term value. This is a rare chance to secure a high-potential redevelopment site in a central, rapidly evolving Calgary corridor. Don't miss this exceptional opportunity! (Conceptual drawings are for illustrative purposes only.)
Location
State AB
County Calgary
Area Cal Zone Cc
Zoning C-COR1 f4.0h24
Interior
Heating Forced Air, Natural Gas
Exterior
Lot Frontage 200.01
Others
Restrictions None Known
Tax ID 101418665
Ownership Private
Listed by TrustPro Realty