About 404 3 Avenue Ne
Attention Builders / Investors! RARE LOT ASSEMBLY with potential Downtown South Views in the desirable Crescent Heights community with over 100 feet of frontage. 404, 406, and 408 3 Ave NE. This is a rare opportunity to acquire prime development land situated on the eastern border of this highly sought-after neighborhood, just a short distance from the popular Bridgeland area. The land measures 100 ft x 120 ft and is zoned M-C2 with a FAR of 2.5 and no density limit, making it an ideal location for a low/mid rise apartment or condominium building. The property offers convenient access with a main entrance door on 3rd St NE and a parkade entrance on the southeast corner of the lot on 3rd Ave. The location offers stunning city views from ground level. The assembly consists of three separate titles, including a 50 ft vacant piece of land, a 25 ft vacant piece of land, and an infill currently rented for $1,800 per month until October 31, 2023. This incredible inner-city location is within walking distance to the river pathways, Downtown Core, East Village, and all of the amenities one could desire. The seller is flexible on possession, making this an excellent opportunity for investors and developers alike.
