Investment Opportunity available to purchase 256 acres of undeveloped land west of Red Deer, soon to be annexed by the City of Red Deer for residential development. This land is currently zoned AG but is part of the future growth plan for the City of Red Deer. The land is identified within the C & E trail area structure plan and the Red Deer and Red Deer County Intermunicipal Development Plan. This location will be the first major residential development on the west side of the QEII. There are four titles to the property making it easy to develop in stages. There is a low producing oil well in the NE corner, with a pipeline servicing it. The current owners have been advised the pipeline is clean, and there is a concept plan in place to use the pipeline right of way as a pedestrian / bicycle path. There are no current or proposed Altalink Transmission Lines on any of the lots, and some preliminary studies and reports on future development have been completed. There is some income from land being rented to a local farmer, and the annual surface lease from the oil well. The property is located close to Red Deer College/University, Red Deer Regional Hospital, Crossroads Church, Heritage Ranch, Fort Normandeau, Gary W. Harris Canada Games Centre, Waskasoo Park System, Bower Place Shopping Centre and Gasoline Alley.
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Listing information last updated on September 23rd, 2021 at 8:15am MDT.