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PROPERTY DESCRIPTION
Present improvements consists of a potential acquisition of  14 detached houses on large lots located on the south side of Lougheed Highway which is prime for a future redevelopment.

SITE SIZE

Currently there are 7 owners participating in the assembly for a total of 62,797 square feet (1.44 acre) and 54,085square feet (1.241 acre) of contiguous land for a viable development.  There is future potential to acquire the total 14 properties combined equating  to a potential 2.84 acre development site. The OCP (Official Community Plan) just one block east calls for a re-zoning to RM-2 which includes market condos and townhouses.

The proposed assembly will create a  rectangular in shape site prime for development along Lougheed Highway.

ZONING

As density expands out from the City Center there is a trend for property owners to assemble their lands to obtain a highest and best use scenario . The current zoning, age of the dwellings combined with a location with nearby redevelopment there is an opportunity to apply for increase in density.  This will need to be investigated by prospective Purchasers.

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