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6920 46 Street
NONE Olds T4H 1L7

$10,297,000
Land

Main Photo: 6920 46 Street: Olds Commercial Land for sale : MLS®# A2046299
Photo 1: 6920 46 Street: Olds Commercial Land for sale : MLS®# A2046299
Photo 2: 6920 46 Street: Olds Commercial Land for sale : MLS®# A2046299
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Status:
Active
Prop. Type:
Land
MLS® Num:
A2046299
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. Services for medical, office, residential are in high demand in the area with the growing Alberta economy and low vacancy rates for residential/commercial spaces Call today to inquire about this opportunity to make your development vision a reality.
Property Type:
Land
Property Sub Type:
Commercial Land
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
12.57 acre(s)
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
1710163
Ensuite:
No
Garage:
0
NONE
N/A
Floor Space Ratio
Title to Land:
Fee Simple
Num. of Parcels:
0
Fencing:
None
Region:
Mountain View County
Zoning:
DC-MU1
Listed Date:
May 05, 2023
Days on Mkt:
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Virtual Tour

Listed by COMOX REALTY GROUP INC.
Data was last updated June 3, 2023 at 08:05 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$364,700
Min list price:
$84,900
Max list price:
$10,297,000
Avg days on market:
231
Min days on market:
10
Max days on market:
2,005
These statistics are generated based on the current listing's property type and located in Olds. Average values are derived using median calculations.
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.