Excellent development opportunity in the heart of Alberta with massive upside potential. This 12.57 acre ideally located parcel is adjacent to a commercial corridor which has many recognizable national brands such as Walmart, Canadian Tire, Tim Horton’s, Servus credit union, which will complement all development on this land. The in-place zoning which has been optimized for flexibility to build your vision for this multi-phase development project allowing for residential, multi family/seniors care/Medical office/Hotel+ casino and many other flexible uses. Municipal support for this project from the city of Olds is key to a flexible development to suit the project that works best for your stake holders to generate a highly profitable project. Additionally, the low off-site levy cost will help boost the ROI potential for this project, as well as tax benefits from the city are a potential for all resident businesses in the completed project. Residential demand from the world class agricultural school Olds College, as well as population growth projected in the area could potentially qualify for the new CMHC select program criteria to take advantage of the up to 50 year amortization for residential rental assets. Residents of the residential, and commercial workers will be walking distance to all amenities in the adjacent commercial area making this a rare combination of highly favourable influences for this development site with over 50,000 residents in city of olds and surrounding catchment area. Call today to inquire about this opportunity to make your development vision a reality. (id:21083) Back
MLS #: A2020309
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Property Type

Vacant Land