Opportunity for the full ownership of the Panorama Development Site. Situated in central Edmonton, the site currently consists of four lots containing two walk up rental properties and 2 parking lots, generating $45,000 in net income. The property lies adjacent to an Edmonton Transit System bus stop and is only a minutes walk to the beautiful river valley trails. The approved development is expected to contain 26-storeys and 173 dwelling units with 217 parking stalls and 44 bicycle stalls. Comprised of a variety of bachelor’s, one-bedroom and two-bedroom suites, the high-rise apartment will also showcase 5 stunning townhomes on the eastern end of the property. Established among Edmonton’s most vibrant and lively neighbourhood of Downtown. The Panorama Development Land is centrally located directly off 97 Avenue along 104 Street, which sees up to 49,800VPD and is local to the surrounding communities of Downtown, Rossdale and Oliver with a combined population of 31,421.
Address
10406/10410 97 Avenue NW NW
List Price
$4,490,000
Property Type
Land
Area
Edmonton
Sub-Area
Downtown (Edmonton)
Year Built
1951
MLS® Number
E4397019
Listing Brokerage
RE/MAX Excellence
Postal Code
T5K 0B6
Zoning
Zone 12
Construction Materials
Concrete
