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2620 Centre Street NE
Tuxedo Park Calgary T2E 2V4

$2,650,000
Land

Rendering of proposed building from Centre Street
Photo 1: 2620 Centre Street NE
Photo 2: 2620 Centre Street NE
Photo 3: 2620 Centre Street NE
Photo 4: 2620 Centre Street NE
Photo 5: 2620 Centre Street NE
Photo 6: 2620 Centre Street NE
Photo 7: 2620 Centre Street NE
Status:
Active
Prop. Type:
Land
MLS® Num:
A2095775
This exceptional 1/4-acre plot of land offers an unparalleled investment opportunity in the booming Calgary real estate market. Just 7 minutes from downtown Calgary, this prime piece of land is strategically situated to provide easy access to the city's vibrant core. The property's proximity to key amenities and entertainment hubs makes it an ideal location for those seeking a dynamic urban lifestyle. Spanning just over 11,000 SQ FT, this expansive lot had DP approval that just expired recently (DP2017-4750 - Conditional) for the construction of up to a 26m tall building with an FAR of 3.7. This gives you just over 40,000 SQ FT of building to work with and the permit allows for 40+ residential units with commercial on the ground floor (final approvals required for specific plans). The approved plans are available for the buyer and open the door for a lucrative investment, allowing you to capitalize on the demand for modern living spaces in this sought-after area. The property is strategically positioned just 2 blocks away from the future Green Line LRT station, ensuring seamless connectivity for residents and potential tenants. This proximity enhances the property's appeal, making it even more attractive for those looking to benefit from Calgary's evolving public transportation infrastructure. Calgary's real estate market is thriving, and this property offers a unique opportunity to capitalize on the growing demand for well-designed, centrally located residences. Average rents in the city continue to trend upwards quickly and Calgary ranks 4th highest in rents for Canada. With the approved plans in place and strategic connectivity, this investment promises both immediate and long-term returns. Don't miss out on this incredible opportunity to add a new multi-family building to your portfolio! Contact us today for more information.
Property Type:
Land
Property Sub Type:
Commercial Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lot Area:
11,087 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Plan:
2617AG
Ensuite:
No
Garage:
0
Tuxedo Park
N/A
None Known
Title to Land:
Fee Simple
Lot Features:
Back Lane, Cleared, Corner Lot
Access To Property:
On Major Traffic Route
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-2 f3.7h26
Listed Date:
Dec 30, 2023
  • Photo 1: 2620 Centre Street NE
    Rendering of proposed building from Centre Street
  • Photo 2: 2620 Centre Street NE
    Rendering of proposed building from 26 Ave
  • Photo 3: 2620 Centre Street NE
    Looking South down centre
  • Photo 4: 2620 Centre Street NE
    Photo 4 of 7
  • Photo 5: 2620 Centre Street NE
    Lot outline from air
  • Photo 6: 2620 Centre Street NE
    Bedroom example proposed building
  • Photo 7: 2620 Centre Street NE
    Living area example proposed building

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Listed by Real Broker
Data was last updated December 25, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
83
Avg list price:
$1,207,403
Min list price:
$199,900
Max list price:
$16,757,850
Avg days on market:
141
Min days on market:
6
Max days on market:
2,703
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Get market change alerts
Jerry Charlton - Realtor®
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Tuxedo Park Calgary FAQs

What is the general atmosphere of Tuxedo Park in Calgary?

Tuxedo Park is a historic and vibrant community located in the inner city of Calgary, offering a blend of old-world charm and modern convenience. Known for its diverse population and central location, Tuxedo Park attracts a wide range of residents, from young professionals to families and retirees. The community features a mix of residential and commercial areas, creating a lively urban environment with easy access to downtown Calgary.

What types of homes are available in Tuxedo Park?

The housing in Tuxedo Park varies widely, featuring a mix of early 20th-century character homes, newly built infills, and low-rise condominiums. This variety offers something for every lifestyle and budget, from historic bungalows and large new-build homes to convenient and affordable condos. The architectural diversity is a hallmark of the community, reflecting its rich history and continuous evolution.

Are there educational facilities in Tuxedo Park?

Tuxedo Park is served by several schools that cater to a range of educational needs. Nearby public schools include Buchanan School for elementary students, and Georges P. Vanier School for junior high. High school students typically attend James Fowler High School. Additionally, there are various private and charter schools in and around the area, providing more options for residents.

What amenities are available to residents of Tuxedo Park?

Residents of Tuxedo Park benefit from a wealth of amenities including local shops, cafes, and restaurants, particularly along Centre Street and 16th Avenue, also known as the Trans-Canada Highway, which border the community. These areas are bustling commercial districts offering a variety of services and dining options. The community is also close to several parks and recreational facilities, enhancing the urban living experience.

How do residents of Tuxedo Park typically commute?

Tuxedo Park enjoys excellent connectivity to the rest of Calgary, thanks to its central location. Several major bus routes serve the area, and the future Green Line LRT project will further enhance public transit options. Its proximity to major roads like 16th Avenue N and Centre Street also makes it easy for residents to travel by car.

What parks and recreational facilities are available in Tuxedo Park?

Tuxedo Park itself features a large central park which includes a community center, playgrounds, and sports fields. The community is also a short drive or bike ride away from Nose Hill Park, one of North America's largest urban parks, offering extensive trails and natural landscapes for outdoor activities.

What makes Tuxedo Park unique compared to other Calgary communities?

What sets Tuxedo Park apart is its perfect blend of residential tranquility and urban lifestyle. Its rich history, diverse architecture, and prime location make it a highly sought-after area for those looking to live close to the heart of Calgary without sacrificing the charm and space of a traditional neighborhood. Its ongoing development and proximity to key urban amenities continue to attract a dynamic mix of residents, contributing to its vibrant community atmosphere.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.