Prime multi-family residential development opportunity in the stable, growing central Alberta community of Olds. This 2.23-acre serviced bare land parcel is cleared, level, and completely shovel-ready. Featuring a desirable MUN - Mixed Use Node zoning, the site supports a variety of build options, including low-rise apartments, townhouses, stacked units, or seniors independent living. Highly strategic location directly adjacent to the Cornerstone Shopping Centre commercial anchor and within easy walking distance to local pathways and sports fields. All essential utilities (water, sanitary, storm drainage, natural gas, power, and telecom) are already at the lot line, meaning no infrastructure costs to carry. A full 59-sheet professional drawing package for an apartment-style building is available to qualified purchasers, offering a significant design head start. With a critically low rental vacancy rate of 0.6% and consistent 3% population growth, this property is perfectly positioned to meet intense local housing demand.
Essential information
MLS® number
A2344367
Status
Active
Price
$950,000
Property type
Land
Type
Residential Land
Transaction
For Sale
Restrictions
None Known
Lot size
97,138 sq ft
Listing brokerage
Century 21 Masters
Source
Pillar 9™ MLS® System
Exterior and construction
Frontage
204.57M 671`2"
Zoning
MUN - Mixed Use Node
Community
City
Olds
Province
AB
Postal code
T4H 0B9
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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6 photos$999,99919 River Drive, Bragg Creek
