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402 8 Street SW, Calgary, AB, T1A 5R7

MLS® # A2132919
new listing
Commercial For Sale In Downtown Commercial Core, Calgary, Alberta
$2,290,000
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
402 8 Street Sw, Calgary, AB
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ACTIVE
402 8 Street SW, Calgary, AB, T1A 5R7
$2,290,000

Property Information:

A rare opportunity to own a slice of land in the heart of Downtown Calgary and strategically invest directly in the path of development. This 50' x 123' site is ideally situated within the commercial core mere steps from the Bow River Pathway network and right in the middle of the highly anticipated Eau Claire Plaza Development and 8th Street Revitalization projects spearheaded by the City of Calgary. The prominent corner lot comes with two points of access, 10 on-site parking stalls and is currently home to a 1,530 restaurant. An attractive destination for foot traffic, C-Train users, and vehicle access alike, with high visibility for marketing and 6,153 sf of unlimited potential. The CR20-C20/R20 zoning allows for a maximum FAR of 3, however this can be increased up to 20 based on a developer's ability to meet incentives set out by the city. With no maximum building height allowance, envision yourself creating the next memorable high-rise amongst our iconic skyline. You won't find a more perfect holding property than this. Something special awaits only those bold enough to explore new frontiers.

Inclusions: To be determined during due diligence

Property Features:

  • Built in: 1928
  • Floor Space (approx): 1530.00 Square Feet
  • Lot Size: 6157.00 Square Feet
  • Zoning: CR20-C20/R20

Courtesy of: CIR Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 402 8 Street SW, Calgary, AB, T1A 5R7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

40/100

Moderate

ClimateCheck®

Current data

This property, 402 8 Street SW, experiences 7 hot days per year at around 29.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 33.2 degrees Celsius.

Projected Avg. Temperature

Past
29.1℃
2050
33.2℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

21/100

Moderate-Low

ClimateCheck®

Current data

This property, 402 8 Street SW, experiences 10 significant 2-day storms per year, with about 199.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 212.6mm of precipitation per year.

Precipitation Per Storm

Past
199.6mm
2050
212.6mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 402 8 Street SW, Calgary, AB, T1A 5R7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$146,323.00

Average Number of Children

1.32

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.84 %

High school certificate or equivalent

23.1 %

Apprenticeship trade certificate/diploma

5.23 %

College/non-university certificate

13.57 %

University certificate (below bachelor)

2.91 %

University Degree

47.35 %

Commuter

Travel To Work

By Car

39.77 %

By Public Transit

30.67 %

By Walking

24.55 %

By Bicycle

0.25 %

By Other Methods

4.76 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.2 %

Houses

1.8 %

Own Vs. Rent

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