Skip To Content

CORNER OF 47TH AVENU Highway 20

Sylvan Lake, AB T4S 2J7
  • $6,600,000
  • STATUS: Active
  • ID#: A2127373
UPDATED: 178 min ago
$6,600,000
  • 0
    BEDS
  • 7.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Vacant Land / Lots

Description

7.98 ACRES of prime commercial land zoned CNS (Serviced to property line and ready for development). SYLVAN LAKE IS BOOMING! This exceptional commercial development site is strategically located on the corner of Highway 20 and 47th Avenue in Iron Gate-Sylvan Lake subdivision. Its the only undeveloped commercial corner in what has transitioned into the thriving Town of Sylvan Lake's prime shopping corridor. The other three corners at this intersection are the existing shopping centres of Ryder's Square, Hewlett Park Landing and Smart Centres (with Wal-Mart) Iron gate subdivision currently has a 4.77 acre commercial site with 7-11 with gas bar, Dominos pizza, Mobil-1 lube and more.. The residential component of the quarter section is advancing rapidly with many phases complete and homes occupied, a 52 unit townhome site is rapidly selling (Over 50% sold out). There is a 98 unit apartment site (sold with construction planned for summer 2024) on south perimeter of this 7.98 acre commercial parcel with construction expected to commence in the spring of 2024, as well as a 1.69 acre multi family site (beside it) expected to house an additional 60-80 apartment units. A 55 lot phase that is serviced (south of the 7.98 acre site-nearly sold out) with a mix of townhomes and single family homes is nearly sold out to builders with much of it already under construction or homes sold an occupied. The balance of the quarter consists of 88 acres of residential development land that will be developed into approximately 500 new homes. Sylvan Lake is conveniently located approximately 1 hr 10 minutes in between Calgary and Edmonton, 15 minutes from Red Deer, voted one of the six top beach destinations in western Canada...it's become true 4 seasons destination with an incredible number of annual tourists.

Monthly Payment Calculator

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-07-22T00:30:07.233.
www.calgaryhomefinders.com/homes/150035487
Print Image

CORNER OF 47TH AVENU Highway 20 Sylvan Lake, AB T4S 2J7

  • Price: $6,600,000
  • Status: Active
  • On Site: Days
  • Updated: 178 min ago
  • ID#: A2127373
0
Beds
0
Baths
0
½ Baths
7.98
Acres
Neighbourhood:
Iron Gate
Area:
Red Deer County
Property Description
7.98 ACRES of prime commercial land zoned CNS (Serviced to property line and ready for development). SYLVAN LAKE IS BOOMING! This exceptional commercial development site is strategically located on the corner of Highway 20 and 47th Avenue in Iron Gate-Sylvan Lake subdivision. Its the only undeveloped commercial corner in what has transitioned into the thriving Town of Sylvan Lake's prime shopping corridor. The other three corners at this intersection are the existing shopping centres of Ryder's Square, Hewlett Park Landing and Smart Centres (with Wal-Mart) Iron gate subdivision currently has a 4.77 acre commercial site with 7-11 with gas bar, Dominos pizza, Mobil-1 lube and more.. The residential component of the quarter section is advancing rapidly with many phases complete and homes occupied, a 52 unit townhome site is rapidly selling (Over 50% sold out). There is a 98 unit apartment site (sold with construction planned for summer 2024) on south perimeter of this 7.98 acre commercial parcel with construction expected to commence in the spring of 2024, as well as a 1.69 acre multi family site (beside it) expected to house an additional 60-80 apartment units. A 55 lot phase that is serviced (south of the 7.98 acre site-nearly sold out) with a mix of townhomes and single family homes is nearly sold out to builders with much of it already under construction or homes sold an occupied. The balance of the quarter consists of 88 acres of residential development land that will be developed into approximately 500 new homes. Sylvan Lake is conveniently located approximately 1 hr 10 minutes in between Calgary and Edmonton, 15 minutes from Red Deer, voted one of the six top beach destinations in western Canada...it's become true 4 seasons destination with an incredible number of annual tourists.
Exterior Features

Fencing None Garage YN No

Interior Features

Ensuite YN No

Property Features

Access To Property Accessible to Major Traffic RouteDirect Access Additional Parcels YN No Community Features Shopping NearbyStreet LightsWalking/Bike Paths Inclusions NONE Lot Features Rectangular Lot Property Sub Type Commercial Land Title Land Fee Simple Transaction Type For Sale Zoning CNS

Listing provided courtesy of RCR - Royal Carpet Realty Ltd.. © 2024 Pillar 9™. All Rights Reserved.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-07-22T00:30:07.233.
 
https://bt-photos.global.ssl.fastly.net/calgary/orig_boomver_2_A2127373-2.jpg https://bt-photos.global.ssl.fastly.net/calgary/orig_boomver_2_A2127373-2.jpg https://bt-photos.global.ssl.fastly.net/calgary/orig_boomver_2_A2127373-2.jpg
Logo
Calgary Homefinders | RE/MAX First
#115 8820 Blackfoot Trail S.E.
Calgary AB, T3B 4K1