High Profile Development Land

5107/5111-50B Avenue, 5036-51 Street and 5108-50A Avenue Sylvan Lake, Alberta
$1,500,000

Description

For Sale – High Profile Development Land

This 0.692 acre property is located in the middle of a ‘Y’, facing the lake, 1/2 block off Lakeshore Drive in Sylvan Lake. The property is in an excellent location for high-density residential development. It is arguably the best location in Town for a new high-density residential project.

The property has clear, unobstructed views of Sylvan Lake, with 166 feet of property frontage facing the lake down the 51 Street view corridor.

The property is situated directly adjacent to the downtown commercial core, on the west side. As it is located a half block south of Lakeshore Drive, it has the advantage of being in a quiet neighbourhood, and not exposed to the larger traffic volumes along Lakeshore Drive, while still being steps away from the lake.

This large property adjacent to the downtown and waterfront commercial areas has street frontage on four sides, with a small park space on its northern boundary. It is a very flexible site in a prime location for many different types of high-density residential development.

Price: $1,500,000

 


Contact the Listing Agents:

Chris Davies
Chris Davies,
B. Sc., MCNE
VP of Multi-Family & Investment Sales

OFFICE: 780.757.1010
MOBILE: 780.905.7562
EMAIL: chris@rcedm.ca

 


Brandon Hughes
Luke Gervais

Associate

OFFICE: 780.757.1010
MOBILE: 403.918.5000
EMAIL: luke@rcedm.ca

Similar Properties

$2,000,000
Devon Land For Sale

4.03 AC Multi-Family Development Land

Michigan Street, SE of Oakland Boulevard, Devon, Alberta

Land, Multi-Family

6 months ago

$2,000,000

Land, Multi-Family

6 months ago

$1,050,000

Receivership Sale: 53 Acres Commercial/Residential Land

50th Street & 50th Avenue (Highway 39) Calmar, Alberta

Land

6 months ago

$1,050,000

6 months ago