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$ 950,000
Est. payment | /mo
2.23 Acres Lot
$ 950,000
Est. payment | /mo
2.23 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2344367
Lot Size 2.230 Acres
Acres 2.23
Property Sub-Type Freehold
Property Description
Prime multi-family residential development opportunity in the stable, growing central Alberta community of Olds. This 2.23-acre serviced bare land parcel is cleared, level, and completely shovel-ready. Featuring a desirable R3 Medium Density Residential zoning, the site supports a variety of build options, including low-rise apartments, townhouses, stacked units, or seniors independent living. Highly strategic location directly adjacent to the Cornerstone Shopping Centre commercial anchor and within easy walking distance to local pathways and sports fields. All essential utilities (water, sanitary, storm drainage, natural gas, power, and telecom) are already at the lot line, meaning no infrastructure costs to carry. A full 59-sheet professional drawing package for an apartment-style building is available to qualified purchasers, offering a significant design head start. With a critically low rental vacancy rate of 0.6% and consistent 3% population growth, this property is perfectly positioned to meet intense local housing demand. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
Fence Not fenced
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Century 21 Masters
Nearby Locations
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