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Lakeview High Profile Development Land - Sylvan Lake
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Sylvan Lake, AB
Canada -
Auction #333-1
Land -
Lot Size:
±0.50 acres -
Zoning: High Density Residential
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Transaction Fee:
5% Min $25k -
Broker2%
Co-op:
Land For Sale in Sylvan Lake, AB
Lakeview High Profile Development Land - Sylvan Lake
5107/5111-50B Avenue, 5036-51 Street, Sylvan Lake, AB T4S 1E3RE/MAX Commercial Capital and The Future of Real Estate FRE are pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for a lakeview, high density residential development on ±0.495 Acres (±21,548 SF) in the best location in Sylvan Lake, Alberta. Property currently has solid, in-place income!
Property Highlights:
- The ±0.495 acre property is located directly across the street from the lake and 1/2 block off Lakeshore Drive
- Current rental income: $33,600 annually
- Best location in town for high-density residential project
- Property has clear, unobstructed views of Sylvan Lake, with 166 feet of frontage facing the lake down the 51 Street view corridor
- The property is zoned for high-density residential development and allows for 4 to 6 story apartments, with 75% lot coverage
- Property has clear views of the lake down a protected view corridor
- The property is situated in the West Village Area, directly adjacent to the downtown commercial core. It has the distinct advantage of being close to, but not on Lakeshore Drive. It is situated in a quiet neighborhood. It is not exposed to the larger traffic volumes along Lakeshore Drive, while still being steps away from the lake.
- This property has street frontage on three sides, with a 7,200 square foot park space on its northern boundary. It is in a prime location for many different forms of high-density development.
- Property has significant potential as a high-cash flow VRBO
- Very flexible site in a prime location for many different types of high-density residential development (SEE DEVELOPMENT OPTIONS IN PROPERTY DOCUMENT SECTION BELOW)
- The Town is located in the center of the high growth corridor between Calgary and Edmonton, with the corridor having 76% of Alberta’s population. The population projections show that by 2046 it will contain 80% of Alberta’s population
- The Town of Sylvan Lake is the largest (and very rare) lakeside resort town in Alberta. It is a very popular meeting place for people in the cities of Edmonton and Calgary. Sylvan Lake is considered the cleanest lake in Alberta.
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Property Viewing
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Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: REMAX COMMERCIAL
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
We have reached our bid deadline and the seller is reviewing the bids received. It’s not too late to submit your bid. Please immediately contact the Event Manager listed below if you wish to place a bid or would like additional information.
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Sylvan Lake, AB T4S 1E3
Canada
-
Sylvan Lake, AB
Canada -
Property Type:
Land -
Lot Size:
±0.50 acres -
Zoning: High Density Residential
-
Transaction Fee:
5% Min $25k -
Broker Co-op:
2.00%
RE/MAX Commercial Capital and The Future of Real Estate FRE are pleased to present the Online Auction Plus event (ALLOWS FOR CONTINGENCIES) for a lakeview, high density residential development on ±0.495 Acres (±21,548 SF) in the best location in Sylvan Lake, Alberta. Property currently has solid, in-place income!
Property Highlights:
- The ±0.495 acre property is located directly across the street from the lake and 1/2 block off Lakeshore Drive
- Current rental income: $33,600 annually
- Best location in town for high-density residential project
- Property has clear, unobstructed views of Sylvan Lake, with 166 feet of frontage facing the lake down the 51 Street view corridor
- The property is zoned for high-density residential development and allows for 4 to 6 story apartments, with 75% lot coverage
- Property has clear views of the lake down a protected view corridor
- The property is situated in the West Village Area, directly adjacent to the downtown commercial core. It has the distinct advantage of being close to, but not on Lakeshore Drive. It is situated in a quiet neighborhood. It is not exposed to the larger traffic volumes along Lakeshore Drive, while still being steps away from the lake.
- This property has street frontage on three sides, with a 7,200 square foot park space on its northern boundary. It is in a prime location for many different forms of high-density development.
- Property has significant potential as a high-cash flow VRBO
- Very flexible site in a prime location for many different types of high-density residential development (SEE DEVELOPMENT OPTIONS IN PROPERTY DOCUMENT SECTION BELOW)
- The Town is located in the center of the high growth corridor between Calgary and Edmonton, with the corridor having 76% of Alberta’s population. The population projections show that by 2046 it will contain 80% of Alberta’s population
- The Town of Sylvan Lake is the largest (and very rare) lakeside resort town in Alberta. It is a very popular meeting place for people in the cities of Edmonton and Calgary. Sylvan Lake is considered the cleanest lake in Alberta.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: REMAX COMMERCIAL
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.