Excellent development opportunity in the heart of Alberta with massive upside potential. This 12.57 acre ideally located parcel is adjacent to a commercial corridor which has many recognizable national brands such as Walmart, Canadian Tire, Tim Horton’s, Servus credit union, which will complement all development on this land. The in-place zoning which has been optimized for flexibility to build your vision for this multi-phase development project allowing for residential, multi family/seniors care/Medical office/Hotel+ casino and many other flexible uses. Municipal support for this project from the city of Olds is key to a flexible development to suit the project that works best for your stake holders to generate a highly profitable project. Additionally, the low off-site levy cost will help boost the ROI potential for this project, as well as tax benefits from the city are a potential for all resident businesses in the completed project. Residential demand from the world class agricultural school Olds College, as well as population growth projected in the area could potentially qualify for the new CMHC select program criteria to take advantage of the up to 50 year amortization for residential rental assets. Residents of the residential, and commercial workers will be walking distance to all amenities in the adjacent commercial area making this a rare combination of highly favourable influences for this development site with over 50,000 residents in city of olds and surrounding catchment area. Call today to inquire about this opportunity to make your development vision a reality.
CountyMountain View County
Property Sub TypeCommercial Land
County Mountain View County
Property Sub Type Commercial Land
Property Type Land
Main Level Finished Area Units SquareFeet
Upper Level Finished Area Units SquareFeet
Mls Status Active
Title Land Fee Simple
Restrictions Call Lister
Transaction Type For Sale
6920 46 Street
Olds, AB T4H 1L7
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: Tuesday, January 31st, 2023 at 02:21:40 AM.
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