Reserve price Not met!
Description
RESERVED AUCTION
Bidding increment of $2000.00
Contact info: VPIAuctions.com, 403-343-0900 or email Sales@VPIAuctions.com
Bidding Starts a 9:00 am on April 22 , 2024 and Closes on April 26, 2024
“Starting Bid is where the Auction Starts, and is not the Reserved Price”
10% non-refundable deposit to be paid to Virtual Property Inc. Real Estate Brokerage upon being declared the high bidder.
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The three address of the properties being sold together are 5415& 5411 49 Ave & 4831 55 St.
0.46 Acres on Red Deer’s Iconic corridor corners is on the Auction.
These 3 lots are being sold together for a total land sq. ft. of 19,841 sq ft. What a fantastic opportunity to own this property. The Government has recently announced billions of dollars to build multifamily rental units and this property fits the bill. R-3 Zoning for multifamily rental units are all the way down 55 St. So you can change the zoning from C-1 to R-3 and have a Rental Property built to suit you.
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One of Red Deer’s top Iconic corridor corners 49 Ave and 55 Street corner provides Right-in Right-out access & egress onto 49 Avenue and alley access from 48 Ave (2 way). city of Red Deer Bus stop is adjacent to the south corner of this lot. This listing consists of 2 separate Linc #’s (and titles, 0015529994 & 0015529986) of the same lot Blk & Plan This lot is adjacent to 7925 Sq. Ft. Commercial lot located at 4831 55 St. (Linc # 0012500048) These 3 lots are being sold together for a total land Sq Ft of 19, 841 Sq. Ft. (0.46 Acres) total asking price $1,200,000.00 (Priced at $61.49 per sq. ft.) The federal government has recently announced free billions of dollars to build multifamily rental units. These lots are the “posterchild” example of the new federal government housing initiative announced. They will need to be rezoned to R-3 in order to comply with the City development by laws. The local area has a substantial number of existing R-3 developments all the way down 55 St.
Don’t miss this once in a lifetime opportunity. Alternatively the existing building currently is occupied a s a successful respected chiropractic office.
The existing C-1 zoning provides for several high value uses as is. the three address of the properties being sold together are 5415 & 5411 49 Ave & 4831 55 St.
We wish all the best to our bidders and congratulate the top bidder in winning the right to buy this incredible opportunity to own this prime property.
All information is believed to be accurate but not warranted to be so. All buyers must do their own due diligence to satisfy themselves regarding anything that is important to them.
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NOTE Disclosure: All measurements and information although believed to be true are not warranted to be so. Buyer must not rely on the information or measurements provided. Anything that is important to the buyer the buyer must verify for themselves. All property is Sold As Is Where Is and will include a schedule “A”