Discover the potential of this spacious 33’ x 150’ corner lot located in the rapidly transforming central community of Eastwood. Surrounded by a wave of infill development, the area is home to new duplexes, skinny homes, fourplexes, and triplexes—making this an ideal investment for builders and developers. Directly across the street is a cash-flow positive 8-plex, highlighting the strong rental demand and income potential in the area. With the ability to build up to 6 units, this property may also qualify for the CMHC MLI Select program, offering added financial incentives for the right project. Seller is open to a JV with a builder. An older, boarded-up home currently sits on the lot. Whether you're looking to build and hold, or sell upon completion, this is an exceptional opportunity in a growing urban neighborhood.
Address
11948 88 ST NW
List Price
$350,000
Property Type
Residential
Type of Dwelling
Vacant Lot/Land
Transaction Type
sale
Area
Edmonton
Sub-Area
Eastwood
Lot Size
4994.02 Sq. Ft.
MLS® Number
E4444142
Listing Brokerage
MaxWell Polaris
Postal Code
T5B 3S1
Zoning
Zone 05
Exterior Features
Corner Lot, Schools, Shopping Nearby, Subdividable Lot, View Downtown, See Remarks
Access To Property
Concrete