Log In/Sign Up
Your email has been sent.
155 Vanier Dr
Red Deer, AB T4R 0K9
Land For Sale
·
2.41 AC
INVESTMENT HIGHLIGHTS
- Prime Residential Location
- Rare Multi-Family Development Opportunity
- Strong Red Deer Market Fundamentals
EXECUTIVE SUMMARY
Colliers is pleased to present the exclusive opportunity to acquire a 2.41-acre multi-residential development site (the “Site”) located in the desirable Vanier Woods neighbourhood of Southeast Red Deer.
Situated just south of the intersection of 22nd Street and Vanier Drive, the Site benefits from a well-established residential setting surrounded by a mix of single-family homes, townhomes, and low-rise apartment buildings. Adjacent communities include Lancaster, Laredo, and Inglewood, offering strong connectivity to local amenities and services.
The Site comprises two titled multi-family lots zoned R-H under the City’s updated Bylaw 3357/2024, permitting residential development up to six storeys in height. Based on preliminary planning and underground parking capacity, the Site may support approximately 160 residential apartment units. This offering represents a rare opportunity to acquire a large, well-located, and fully developable multi-family site in a maturing residential node within the City of Red Deer.
Situated just south of the intersection of 22nd Street and Vanier Drive, the Site benefits from a well-established residential setting surrounded by a mix of single-family homes, townhomes, and low-rise apartment buildings. Adjacent communities include Lancaster, Laredo, and Inglewood, offering strong connectivity to local amenities and services.
The Site comprises two titled multi-family lots zoned R-H under the City’s updated Bylaw 3357/2024, permitting residential development up to six storeys in height. Based on preliminary planning and underground parking capacity, the Site may support approximately 160 residential apartment units. This offering represents a rare opportunity to acquire a large, well-located, and fully developable multi-family site in a maturing residential node within the City of Red Deer.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 2.41 AC |
| Zoning | R-H - Multifamily and Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.41 AC |
| Zoning | R-H - Multifamily and Residential |
1 LOT AVAILABLE
Lot
| Price | $2,016,536 USD | Lot Size | 2.41 AC |
| Price Per AC | $836,736.76 USD |
| Price | $2,016,536 USD |
| Price Per AC | $836,736.76 USD |
| Lot Size | 2.41 AC |
2.41-acre multi-residential development site zoned R-H under the City’s updated Bylaw 3357/2024, permitting residential development.
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
