240187 Rainbow Rd, Chestermere

$1,275,000

0 Beds
0 Baths
0 Sqft
1.49 Acres
0 Garages

1.49 acre development parcel in Chestermere with excellent frontage onto Rainbow Road. Backing onto the canal and government reserve with a mountain view, this is a great site for commercial or multi family. It is in the Edgewater Area Structure Plan proposed designation as a high density multi-family site that would hold 54 units. Currently zoned temporary commercial This property is a great holding property generating an annual gross income of $60,800. Please do not access property or bother tenants. It is on a major road that runs North to South through Chestermere connecting the Trans Canada Highway to the 1A and Glenmore Trail. Chestermere is a city of 20,000 that is located across the road from Calgary's Eastern border. There is no senior's housing available in town and a great need. There is also not any true office buildings, only strip malls with high priced retail space being used as offices.

Essential Information
MLS® #C4221647
Price$1,275,000
Bathrooms0.00
Acres1.49
TypeLand
StatusActive
Community Information
Address240187 Rainbow Rd
AreaChestermere
SubdivisionNone
CityChestermere
ProvinceAlberta
Postal Codet1x 0m8
Exterior Features

Creek, Environmental Reserve, High Traffic Area, View, View Mountain

Listing Details
OfficeRE/MAX REAL ESTATE ADVOCATES
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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on January 18th, 2019 at 3:30pm PST.

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