121 15th Street Canmore, Alberta T1W 1M1

$1,750,000

Prime Re-Development Opportunity in Teepee Town This approximately 6,600 square foot lot presents an unparalleled re-development opportunity in the vibrant and evolving Teepee Town area. Currently hosting a three bedroom house with an oversized detached double garage, this property offers immediate rental income potential while you plan your development & apply for permits through the Town of Canmore. One of two side by side lots available for purchase (see listing for 117 15th Street too), this site provides a unique chance to secure a larger development footprint. Acquiring the adjacent lots can significantly enhance your development potential and project scale. Zoned TPT-CR-B, this property is situated in the Teepee Town Comprehensive Redevelopment District, specifically in Sub-District B. The zoning supports diverse residential developments including apartments, stacked townhouses, and townhouses, making it ideal for a high-density residential project. The zoning details allow for a variety of permitted uses such as accessory buildings, accessory dwelling units, attached accessory dwelling units, detached apartment buildings, home occupation (Class 1), open space, public utility, townhouses, and stacked townhouses. Additionally, discretionary uses include bed and breakfast associated with detached dwelling, common amenity housing, cultural establishment, day care, employee housing, home occupation (Class 2), and public buildings. This property’s zoning and location within the Teepee Town Comprehensive Redevelopment District align perfectly with the Teepee Town Area Redevelopment Plan, encouraging residential and mixed-use redevelopment. The area’s redevelopment plan supports the transformation of Teepee Town into a dynamic and desirable neighborhood, with a mix of housing types and community-oriented amenities. A key aspect of this opportunity is the minimum residential density requirement of 66 units per hectare for this sub-distric t. This ensures a robust and efficient use of the land, maximizing development potential and contributing to a vibrant community atmosphere. Purchasing this lot, on it's own or in conjunction with the neighboring lot, offers an extraordinary opportunity to create a significant development project in a prime location. The combined parcels can accommodate a larger-scale development, enhancing your investment return potential. Invest in the future of Teepee Town today and be part of its exciting transformation! (id:52784)

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https://www.realtor.ca/real-estate/27040444/121-15th-street-canmore-teepee-town