7.98 ACRES of prime commercial land zoned CNS. (See 360 drone tour of the site) This exceptional commercial development site is strategically located on the corner of Highway 20 and 47th Avenue in Iron Gate-Sylvan Lake subdivision. Its the only undeveloped corner in what has transitioned into the thriving Town of Sylvan Lake's prime shopping corridor. The other three corners at this intersection are the existing shopping centres of Ryder's Square (Sobey's, Shopper's Drug Mart, Wendy's etc.), Hewlett Park Landing (No Frills, McDonald's, Castle Building Centres etc.) and Smart Centres (Canadian Tire, Mark', Wal-Mart etc.). Iron gate subdivision currently has a 4.77 acre commercial site under development with 7-11, Domino's Pizza, Mobil-1 Lube, Burger Parlour, Weed Kings and Iron Gate liquor as current tenants. The residential component of the quarter section is advancing rapidly with a 52 unit townhome site under construction, 30 duplex lots sold built and occupied or under construction, 14 townhomes built and occupied, a 88 unit apartment planned on south perimeter of the 7.98 acre parcel, a new 37 lot phase under development (south of the 7.98 acre site) with a mix of townhomes and single family homes. There are two other large multi family sites also for sale with pending interest, and an additional 88 acres of residential development land. The 7.98 acre site is serviced and ready for development. Sylvan Lake is conveniently located approximately 1 hr 10 minutes in between Calgary and Edmonton, 15 minutes from Red Deer, with agruably the nicest/cleanest lake in Alberta, it's become true 4 seasons destination with an incredible number of annual tourists.
Courtesy of RCR - Royal Carpet Realty Ltd.
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Data last updated 8:02 PM UTC, 8/18/22