MLS®: A2301671 Type: Vacant Land Ownership: Freehold Lot Size: 4.97 ac|2 - 4.99 acres Postal Code: t4s0h5
Brokerage: Salomons Commercial Agent: Brett Salomons
Located in Sylvan Lake, this 4.97-acre parcel offers a fully engineered, entitled, and permit-ready multi-family development opportunity. Zoned R-3, the site benefits from an approved Development Permit, allowing for immediate progression to site works.Extensive pre-development work has been completed, including issued stripping and grading permits and a comprehensive civil engineering package featuring cut/fill plans, drainage design, storm sewer infrastructure, and erosion control. A fully engineered off-site stormwater solution—highlighted by a 1050 mm bypass main connected to the Town system—has been completed, significantly reducing development risk and enabling immediate mobilization.Additional due diligence and site preparation include completed site survey, land assembly, pipeline abandonment and removal, and full site clearing. A well-conceived staging plan supports phased development of approximately 80 to 120 units, offering flexibility in execution while managing capital exposure. Off-site levies remain outstanding.Sylvan Lake continues to experience steady growth, with a population of 17,897 in 2025—an increase of 10.3% over five years—supported by median household incomes of approximately $92,000 and a labour force exceeding 8,800 residents, reinforcing long-term residential demand. (31903456)
