Multi-Family Development Land

  • Starting Bid $749,000
Michigan Street, SE of Oakland Boulevard, Devon, Alberta
  • Property Type
  • Land, Multi-Family
Featured

Multi-Family Development Land

Michigan Street, SE of Oakland Boulevard, Devon, Alberta
  • Starting Bid $749,000

Overview

  • Property Type
  • Land, Multi-Family

Highlights

RE/MAX Commercial Capital and The Future of Real Estate FRE are pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for a ±4.03 Acre Multi-Family Development Land Parcel in Devon, Alberta.

Property Highlights:

  • Located in the Town of Devon just 15 minutes southwest of Edmonton & only 12 minutes to the Edmonton International Airport, Nisku and Leduc via Highway 19
  • Zoned R4 – High Density Residential – permitting buildings up to 4 storeys with a maximum site density of 160 units per net hectare

Site Details:

  • Site Area: ±4.03 Acres
  • Services: Stubbed into the site (Water Main, Sanitary/Sewer & Storm)
  • Off-Site Levies: $47k per Acre (2021 Estimate)
  • Max Density: 259 Units
  • Max Height: 4 Storeys
  • Expired Permit: 238 Units Between Two Apartment Buildings, 381 Parking Stalls (143 Surface, 238 Underground)
  • Site is bordered to the south and east by Battery Creek Ravine and is directly connected to 26 kilometers of Devon’s paved and natural trail system.

 

STARTING BID: $749,000
BID DEADLINE: July 8th, 2021

 

For more property information and details, please visit the property’s auction website at http://www.fre.com/332D20



 

Contact The Listing Agents

 


Brandon Hughes

 


Brandon Hughes,
CCIM
Associate Broker | Investment Sales & Leasing

OFFICE:   780.757.1010
MOBILE:  780.966.0699
EMAIL:    brandon@rcedm.ca

 


Scott Hughes

 


Scott Hughes,
MBA, AACI, CCIM, SIOR
Broker/Owner | Investment Sales & Leasing

OFFICE:    780.757.1010
DIRECT:   587.525.8901
EMAIL:     scott@rcedm.ca

 

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