Land For Sale

9999 146 AV SE

Calgary, Alberta

RE/MAX REALTY PROFESSIONALS

$34,500,000

647,912 m²
Basic Details
Status: Active
Property Type: Vacant land
Listing Type: For Sale
MLS® #: C4290622
Price: $34,500,000
Lot Area: 647,912 m²
Property Description

160 acres of residential development land, located in southeast Calgary. This Property is currently in the holding district of S-FUD (Special Purpose Future Urban District). Located within the planned community of Hotchkiss, the subject property, as set forth in the South Shepard Area Structure Plan (the ASP), is to be developed into a future residential subdivision consistent in form and density with many of its currently built-out neighbours (Mahogany, Auburn Bay, and Copperfield). As one of Calgarys dominant growth corridors, the southeast sector is largely built-out, with the remaining development capacity largely in the control of only a handful of developers. Adjacent to the Property two of Calgarys premier developers (e.g. Hopewell Residential and Melcor Developments Ltd.) have already received development approval from The City of Calgary. Site servicing is expected to commence in the spring of 2020. The ASP is in place and it secures the Propertys future as a residential development parcel The Growth Management Overlay has been lifted by The City to allow development of the adjacent lands by both Hopewell and Melcor, with Hopewell front-ending the majority of the infrastructure for the area The southeast sector is forecasted by The City of Calgary to secure 28% of residential demand (2018-2022) With the majority of lands in the southeast already controlled by some of Calgarys premiere developers, there are almost no other options available to acquire land for large scale residential development. The land has been in continual agricultural use, has not had any industrial use since initial registration, and there are no known environmental liabilities. The Property is located just to the east of Stoney Trail SE and north of Highway 22X. (id:15472)

Additional Information
9999 146 AV SE
9999
146
Avenue
Canada, Alberta, Calgary, T3S0A7
Hotchkiss
Southeast
Municipal water
Freehold
S-FUD
See remarks, Level
647912 m2|80 - 160 acres
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."