RA7 Development Site

11102 - 125 Street Edmonton, AB T5M 0M3

FOR SALE
Property Type:
Multifamily Land
Amount:
$512,000
Last Verified:
Apr 23, 2021

Highlights

  • Main Street Location giving excellent accessibility and development potential
  • Mature central neighborhood
  • Directly on major daytime and late-night transit routes with 2 stops within 100 meters
  • Close proximity to 124 Street Commercial District, Westmount Shopping Centre and Kingsway Garden Mall
  • Existing single-family rental on site for holding income

Description

Rare Central RA7 lot directly fronting 111 Avenue

Rare Central RA7 lot directly fronting 111 Avenue

Lot Size: 0.17 acres

Map of 11102 - 125 Street, Edmonton, AB, T5M 0M3

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.