20 Highway, Sylvan Lake, Alberta

$2,480,000

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44.00

Acres

About 20 Highway

An excellent opportunity for a developer looking to create a vibrant and well-planned community. The fact that the area already has an approved ASP in place streamlines the development process, providing a clear framework for land use, infrastructure, and amenities. The mixture of residential lots and commercial frontage offers diversity and convenience for residents, allowing for a balanced community with access to essential services and amenities within walking distance. With approximately 113 residential lots of varying sizes, developers have flexibility in catering to different housing needs and preferences, accommodating families, retirees, and individuals alike. Commercial frontage adds value to the development by providing opportunities for local businesses, retail shops, restaurants, and services, enhancing the overall livability and economic viability of the area. Located at the edge of Sylvan Lake, backing on to a golf course and within walking distance to the lakefront. A well-planned development ensures efficient land use, thoughtful design, and consideration for infrastructure, transportation, green spaces, and community facilities, fostering a cohesive and attractive neighborhood. This community offers residents easy access to recreational activities, waterfront amenities, enhancing quality of life, and property value. Sylvan Lake is likely to appeal to a wide range of buyers and investors, making it an attractive opportunity for developers seeking strong market demand. In summary, the combination of an approved ASP, mixed-use development potential, proximity to Sylvan Lake, and a well-planned layout makes this area an appealing opportunity for developers to create a thriving and desirable community.

Features of 20 Highway

MLS® # A2118089
Price $2,480,000
Bathrooms 0.00
Acres 44.00
Type Land
Sub-Type Residential Land
Status Active

Community Information

Address 20 Highway
Subdivision NONE
City Sylvan Lake
County Red Deer County
Province Alberta
Postal Code T4S 1Z7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed March 27th, 2024
Days on Market 25
Zoning FD
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRed Key Realty & Property Management

Listing Map

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