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5-7 Broadway Rise 1.51 - 1.76 Acre Commercial Land Lots Offered at $331,686 - $386,601 USD Per Lot in Sylvan Lake, AB T4S 0H1
Investment Highlights
- R3 zoning permits these uses: Accessory Buildings, Apartments, Four-plexes, Row Housing, Stacked Row House, Triplex.
- Currently (2) apartment buildings are located on north and west side of Block 1.
- Situated on the corner of Highway 781 and Memorial Trail in Sylvan Lake.
Executive Summary
Up to 3.27 acres of multi-family land ready for development, situated on the corner of Highway 781 and Memorial Trail in Sylvan Lake. Currently (2) apartment buildings are located on north and west side of Block 1. Sylvan Lake is a vibrant lakeside community, that has a population of 16,802 (2022). Boasting around 1 million visitor makes Sylvan Lake a sought after destination. Located only 25 KM west of Red Deer and in between Edmonton and Calgary
Property Facts
| Price | $331,686 - $718,287 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 2 | Total Lot Size | 3.27 AC |
| Property Type | Land | ||
| Zoning | R3 - High Density Residential Dsitrict | ||
| Price | $331,686 - $718,287 USD |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.27 AC |
| Zoning | R3 - High Density Residential Dsitrict |
2 Lots Available
Lot Block 2
| Price | $331,686 USD | Lot Size | 1.51 AC |
| Price Per AC | $219,659.75 USD |
| Price | $331,686 USD |
| Price Per AC | $219,659.75 USD |
| Lot Size | 1.51 AC |
Block 2: 1.51 Acres. Property taxes: Block 2: $3,107.94.
Lot Bock 3
| Price | $386,601 USD | Lot Size | 1.76 AC |
| Price Per AC | $219,659.60 USD |
| Price | $386,601 USD |
| Price Per AC | $219,659.60 USD |
| Lot Size | 1.76 AC |
Block 3: 1.76 Acres. Property Taxes: Block 3: $3,435.58.
Description
Up to 3.27 acres of multi-family land ready for development, situated on the corner of Highway 781 and Memorial Trail in Sylvan Lake. Currently (2) apartment buildings are located on north and west side of Block 1. Sylvan Lake is a vibrant lakeside community, that has a population of 16,802 (2022). Boasting around 1 million visitor makes Sylvan Lake a sought after destination. Located only 25 KM west of Red Deer and in between Edmonton and Calgary.
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
1 of 2
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5-7 Broadway Rise
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