$2,480,000
20 Highway Sylvan Lake, AB T4S 1Z7
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$2,480,000
Est. payment /mo
44 Acres Lot
UPDATED:
09/24/2024 10:35 PM
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2118089
Originating Board Central Alberta
Annual Tax Amount $3,900
Tax Year 2023
Lot Size 44.000 Acres
Acres 44.0
Property Description
An excellent opportunity for a developer looking to create a vibrant and well-planned community. The fact that the area already has an approved ASP in place streamlines the development process, providing a clear framework for land use, infrastructure, and amenities. The mixture of residential lots and commercial frontage offers diversity and convenience for residents, allowing for a balanced community with access to essential services and amenities within walking distance. With approximately 113 residential lots of varying sizes, developers have flexibility in catering to different housing needs and preferences, accommodating families, retirees, and individuals alike. Commercial frontage adds value to the development by providing opportunities for local businesses, retail shops, restaurants, and services, enhancing the overall livability and economic viability of the area. Located at the edge of Sylvan Lake, backing on to a golf course and within walking distance to the lakefront. A well-planned development ensures efficient land use, thoughtful design, and consideration for infrastructure, transportation, green spaces, and community facilities, fostering a cohesive and attractive neighborhood. This community offers residents easy access to recreational activities, waterfront amenities, enhancing quality of life, and property value. Sylvan Lake is likely to appeal to a wide range of buyers and investors, making it an attractive opportunity for developers seeking strong market demand. In summary, the combination of an approved ASP, mixed-use development potential, proximity to Sylvan Lake, and a well-planned layout makes this area an appealing opportunity for developers to create a thriving and desirable community.
Location
Province AB
County Red Deer County
Zoning FD
Exterior
Fence Partial
Others
Restrictions None Known
Tax ID 84871362
Ownership Other
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Listed by Red Key Realty & Property Management
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