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9401 80th Ave - South Glens Multi-Family Land

4.55 Acres of Residential Land Offered at $1,763,635 USD in Morinville, AB T8R 0B1

Investment Highlights

  • Located within 7 mins of St. Albert
  • Opportunity exists for the purchaser to adjust the Area Structure Plan to minimize lot size and maximize velocity and return
  • Nearly 300 homes completed and sold in South Glen to date with convenient access to urban amenities

Executive Summary

Land is ready for servicing with some minor works already complete or underway. Morinville is a growing community with an approximate fifteen-minute drive to Edmonton’s diverse employment.

Property Facts

Price $1,763,635 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 4.55 AC

1 Lot Available

Lot

Price $1,763,635 USD
Price Per AC $387,612 USD
Lot Size 4.55 AC

Zoned Medium Density Residential (R-3) for the development of a residential ground-oriented multple dwelling project with the possibility of some apartment density.

Description

The Town of Morinville offers convenient access to urban amenities while retaining the characteristics of a vibrant and flourishing rural community. With a population of 9,893 (according to the 2016 census), Morinville defines itself as a healthy business and residential community. Morinville' s residents are young and family oriented and are committed to keeping the town safe and neighbourly. Some of the town' s advantages include: High quality education; wide range of recreational activities; diversity of residential styles; healthy retail business core; solid industrial base; opportunities for business investment and expansion; solid infrastructure and an exciting future. The Town of Morinville is the centre of the Municipal District of Sturgeon County. It serves as the commercial centre for the surrounding district. Its geographical position, combined with a well-developed transportation system, and its proximity to Alberta' s capital, will ensure continued prosperity in the future.

zoning

Zoning Code R-3 (Medium Density Residential)
R-3 (Medium Density Residential)
  • Listing ID: 6672970

  • Date on Market: 4/7/2017

  • Last Updated:

  • Address: 9401 80th Ave, Morinville, AB T8R 0B1

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