Exciting opportunity for investment 57.76 acres! Location & Strategic Value: The property's proximity to the Saskatchewan River Valley, major shopping centers, and recreational facilities like Ravencrest Golf Club positions it advantageously. These amenities add significant appeal and convenience for potential future residents. City Expansion: With the city’s expansion plans, investing now could mean capitalizing on increased property values and development opportunities as the area grows. Area Structure Plan: The existence of an area structure plan indicates that the property is on a path for future development. This can provide a clearer idea of what types of developments might be approved and the potential value of the property. Development Flexibility: The potential for various types of developments—executive residential lots, multifamily housing, etc.—provides flexibility for tailoring investment strategies based on market demands and zoning regulations. Withe the price of under $6 mil!
Address
2506 195 AV NE
List Price
$5,985,000
Property Type
Commercial Sale
Area
Edmonton
Sub-Area
Rural North East South Sturgeon
Year Built
1904
MLS® Number
E4378676
Listing Brokerage
Exp Realty
Postal Code
T5Y 6M4
Zoning
Zone 51
Construction Materials
Wood Frame, Modular