301 15 Av NE

land assembly details are as follows::  This land has 3 homes and one of them has a garage in the back all the homes are currently rented and are taking care of all expenses on their own. 1) 301 and 303  rented for $2600 each  2) 307 rented for $2700  total around $8000 per month rem coming from property.ant whey are rented on annual lease bases. please see below attached dynamics of each property showing you sq footage of he homes, land area on each of the property. Combined land is about 100ft by 120 and is corner lot can put up to 9 units up and 9 down (18 plex all together) which can be built and rented under cmhc program and bank will finance you up to 95% of the retail price value which should be around 6.4 million to 6,7 million final. highlights of the neighborhood: 1) This property is surrounded by multiplexes all around the neighborhood and commercial in front on 16 ave. This land warrants another multi unit such as 18plex or depending on client can go for an apartment building for which you may or may not have to rezone as city as introduced re-zoning through out calgary and that can be valued at final product $12 to $14 million dollars Right now land is MCG zoning 16 unit minimum townhouses can be built as is right away with no condo fees as they are street facing. 2) this property is close to  highway 1 in an inner city neighbourhood . land survey and site plan are done and available.