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Uncover a high-potential development site in a prime lakeside location. This 9728sqr ft parcel offers immediate flexibility a multi family project. The Opportunity: Flexible Zoning: Current zoning allows for multifamily development or a commercial/residential mix (commercial on main, living quarters above). Expansion Potential: The adjacent double-lot property is also available, providing the rare chance to assemble a large 5-lot consolidated site just blocks from the water. Revenue While You Plan: The existing 3-bedroom structure has been freshened with new flooring and paint, making it a turnkey holding property. It is perfectly suited for a short-term rental (Airbnb) or long-term lease to offset carrying costs during the permitting and design phase. The Site: Lot Size: 75 ft x 130 ft total. Servicing: Double detached garage already on site. Location: High-visibility/high-demand area within walking distance to the lake. This is a land-value play with the added benefit of a functional, move-in-ready building to bridge the gap to construction.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 6/24/2026 |
|---|---|---|---|
| TRACT | Downtown | YEAR BUILT | 1947 |
| GARAGE SPACES | 2.0 | COUNTY | Red Deer County |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Cooktop, Refrigerator, Washer/Dryer |
| BASEMENT | Partial, Unfinished, Yes |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Fire Pit, Private Yard |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Electric, Fireplace(s), Space Heater, Wall Furnace |
| INTERIOR | Master Downstairs |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Interior Lot, Many Trees, Private |
| PARKING | Garage |
| STORIES | 2 |
| STYLE | Bungalow |
| SUBDIVISION | Downtown |
| TAXES | 2569.61 |
| WATERFRONT DESCRIPTION | Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Royal LePage Network Realty Corp.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System.
Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data last updated 6/24/26 12:56 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
