COURT ORDERED JUDICIAL SALE REDUCED TO $14,900,000

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• Property Valuesold for
  $12,270,000
• Property AddressJUDICIAL SALE 119 - 129 7th Avenue SW,, Downtown Calgary Heritage Property, Calgary, Ab, T2P 0W5, Canada
• TypeDevelopment Site
• StyleHeritage Status Re-Development property
• ParkingTo Be determined
• Year Builtcirca 1920
• Taxes$212,771.00

• Lot Frontage149.80 ft
• Lot Depth130 ft
• Lot Size Area19,474 sq.ft.

Center City (Downtown Core)

JUDICIAL SALE 119 - 129 7th Avenue SW,, Downtown Calgary Heritage Property, Calgary, Ab, T2P 0W5, Canada

Description

This listing is under Judicial Sale Order. The court has expressed that it will consider offers made by qualified buyers containing reasonable conditions to completing the sale. Please contact the listing broker or your realtor to obtain further information with respect to the specifics of the Judicial Listing Order.
The property consists of six 25 foot lots with an approximate depth of 130 feet. The total overall size of the property is 19,474 square feet. There is a .02 foot exclusion from the overall westerly length of the property however the balance of the property is basically rectangular. The access to the property from the north is restricted to pedestrian traffic only as a result of the C-Train line which runs along the entire northern side of the property. There is a C-train platform directly across the street on 7th Avenue which provides excellent access to future tenants or customers. The Location is one of the most vibrant in the city and is a prime re-development location. Vehicle traffic and deliveries are able to gain access to the site from the alley way on the south side of the property. The alley provides for traffic in one direction heading west to east with access and egress from 1st Street onto Centre Street. The property has been designated as a historical site and as such any re-development will require compliance with some restrictions. The most relevant being that the first 18 meters inward from 7th Avenue will be required to remain substantially the same as it is (or was originally). This creates some challenges but also provides for a unique opportunity to create a legacy that will remain a significant part of the downtown Calgary experience for years.

Features

Click on the tab above for a birds eye view of the property and a copy of bylaws and Heritage status documents that currently effect the land.

Listing Provided By

D.C. & Associates Realty