$6,583,500 FOR SALE


DEVELOPERS-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 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 under development with 7-11, Domino's Pizza, Mobil-1 Lube, Burger Parlour, Weed Kings and Iron Gate liquor as current tenants. The residential component of the quarter section is advancing rapidly with a serviced 52 unit townhome site (with 20 units already built), 30 duplex's and 14 townhomes built out on Iron Gate Drive, a 98 unit apartment site (sold with development approvals in place) on south perimeter of the 7.98 acre parcel with construction expected to commence in the spring of 2024 , a new 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 (12 townhomes and 6 single family homes currently under construction). 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. (id:47423)


Listed By RCR - Royal Carpet Realty Ltd.
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2080728
Last Updated Nov 12, 2023
Property Summary
Property Type Commercial/Retail

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Community Iron Gate
Price History
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Detailed Information
Listing Contract Date 2023-09-20
Municipal ID 0039213376
Ownership Type Freehold
Plan 2221619
Property Type Other
Transaction Type For sale
Zoning Description CNS
Constructed Date 2023
Size (Exterior) 0 square feet
Type Commercial Mix
Total Size 7.98 acres
Acreage Yes
Size of Irregular Land 7.98

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