Land / Multifamily
Current impressions are that highest and best use includes maintaining the house and converting it to ancillary services for a seniors housing complex (foodservice, recreation, maintenance, etc.) which would also be advantageous to increasing the door-count based on land area and density rates.
Target Land Use would be M-1 with 100 – 125 units per hectare (est. up to 200 total units). This is consistent with other projects already completed or under way in the immediate area.
Asking purchase price: $3.5 Million.
Current owner is not prepared to undertake the Land Use re-designation, however are prepared to partner with a qualified developer - familiar with design, planning and construction in the multi-family / seniors housing market - under a conditional purchase agreement subject to completion of re-designation.
Available Space4.00 AC
Net Operating Income$$0 - land development
Property UseInvestment property
The Lot - Christie Estate Redevelopment
4-acre future potential seniors’ housing, multi-family site FOR SALE including convertible estate home along Nose Creek and Symons Valley Road in premium Northwest community.
The property is currently a residential acreage including a total of approximately 4 acres and bordered on all four sides by parks and Nose Creek. It is zoned S-FUD (Special Purpose - Future Urban Development) and is one of the last developable areas along the Symons Valley corridor.
Centrally situated in the Northwest of Calgary, minutes north of Stony Trail Ring Road in the highly desirable community of Sage Hill, City Ward 2 is shared with the growing neighbourhoods of Kincora, Evanston, Sherwood and Nolan Hill. There are ample amenities already in the area including The Beacon Hill (Costco) and Sage Hills (Walmart) Shopping Centres and City service including Emergency Response.
The property includes a luxury-grade, sandstone house originally built in 1900 with 4,600 sq. ft. of recently upgraded living area plus 1,900 sq. ft. of attached garage. The house sits on a ¾ acre portion of property at the south end of the site.
The larger north portion of the property is approximately 3.25 acres.
Property TypeLand / Multifamily
Lot Size174,240 ft²