Prime multi-family development opportunity on Lakeshore Drive in Sylvan Lake! This 2.46-acre parcel is one of the last large development sites along the lakefront corridor and is ideally suited for future higher-density residential under the Town’s Urban Neighbourhood policy. The property is currently zoned Future Designation, requiring an Outline Plan and rezoning, but its location and size make it a standout candidate for townhomes, stacked townhouses, or low-rise multi-family. Surrounded by established neighbourhoods and within walking distance to the lake, schools, and amenities, this site offers unmatched potential for a signature residential project. Existing improvements include an older bungalow, barn, and quonset, with value placed on the land for redevelopment. A rare chance to secure premium infill land in one of Central Alberta’s fastest-growing communities.
Essential information
MLS® number
A2258600
Status
Active
Price
$1,250,000
Property type
Land
Type
Commercial Land
Transaction
For Sale
Restrictions
None Known
Lot size
107,157 sq ft
Listing brokerage
eXp Realty - Sylvan Lake
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
FD
Community
City
Sylvan Lake
Province
AB
Postal code
T4S 1T9
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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2 photos$995,000130 Pelican Place, Sylvan Lake
