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5-7 Broadway Rise
Sylvan Lake, AB T4S 0H1
Land For Sale · 3.27 AC

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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

Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Restaurant
Total Lot Size 3.27 AC
Zoning R3 - High Density Residential Dsitrict

2 LOTS AVAILABLE

Lot Block 2

Price $333,477 USD
Price Per AC $220,845.88 USD
Lot Size 1.51 AC

Block 2: 1.51 Acres. Property taxes: Block 2: $3,107.94.

Lot Bock 3

Price $388,688 USD
Price Per AC $220,845.73 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.

  • Listing ID: 30322098

  • Date on Market: 12/8/2023

  • Last Updated:

  • Address: 5-7 Broadway Rise, Sylvan Lake, AB T4S 0H1

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