Courtesy Of RE/MAX Commercial Properties
Investment Opportunity available to purchase 256 acres of undeveloped land west of Red Deer, soon to be annexed by the City of Red Deer for residential development. This land is currently zoned AG but is part of the future growth plan for the City of Red Deer. The land is identified within the C & E trail area structure plan and the Red Deer and Red Deer County Intermunicipal Development Plan. This location will be the first major residential development on the west side of the QEII. There are four titles to the property making it easy to develop in stages. There is a low producing oil well in the NE corner, with a pipeline servicing it. The current owners have been advised the pipeline is clean, and there is a concept plan in place to use the pipeline right of way as a pedestrian / bicycle path. There are no current or proposed Altalink Transmission Lines on any of the lots, and some preliminary studies and reports on future development have been completed. There is some income from land being rented to a local farmer, and the annual surface lease from the oil well. The property is located close to Red Deer College/University, Red Deer Regional Hospital, Crossroads Church, Heritage Ranch, Fort Normandeau, Gary W. Harris Canada Games Centre, Waskasoo Park System, Bower Place Shopping Centre and Gasoline Alley.
MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.