Northmount Centre
552 Northmount Drive NW, Calgary, AB
Building
Summary
- Building Area 8,234 sf
- Site Size 0.67 acres (29,290 sf)
- Year of Construction 1958
- Parking 55 paved on-site surface stalls (34 at front & 21 at back)
- Zoning / Land Use C-N2 (Commercial – Neighbourhood 2)
Future redevelopment opportunity with holding income in Calgary’s inner-city community of Cambrian Heights
Property & Investments Highlights
Prime Redevelopment Opportunity: The 0.67-acre site offers tremendous potential for mixed-use densification within a mature community and presents a blank slate with no current land use applications, allowing maximum redevelopment flexibility
Substantially Leased to Local Tenants: Average CRU bay size of 686 sf, conducive to local shops, eateries, take-out restaurants, specialty stores and other neighbourhood daily needs / services
Prime Signalized Corner: Unique location at a signalized intersection, with multiple points of site access, offering nearly 500 feet of high exposure frontage
Central Connectivity: The Cambrian Heights community is centrally located to provide convenient access to major transportation routes that services all points of north inner-city Calgary
Near-Term Redevelopment Flexibility: Short-term leases across the entire rent roll with a 1.39-year WALT provide near-term access to the site for redevelopment with nearby schools, parks, and amenities that drive consistent daily traffic
