A commercial development opportunity!
SEE WHAT MAKES US UNIQUE!
The Last Premium Highway Frontage Lot
As one of the last available frontage properties on the Fort Saskatchewan Highway 21 corridor, this unique 11 acre property has incredible potential. Currently zoned as Urban Reserve, the Southfort Area Structure Plan calls for Commercial Zoning. As well, a proposed Veterans Way Corridor Intersection is in the planning stages and will open up the west side of the site. Property taxes are fully covered by an existing cell tower lease on site.
This property has a 2700 sq. ft. home with 4 bedrooms, and 2 1/2 bathrooms that could generate rental income. In addtion, yearly taxes are covered by the income from the tower leases. For those buyers wanting to invest in real estate and not immediately develop it, this property provides that option.
For the buyer who is interested in making this 1969 custom built home "their" home, it would only take a bit TLC and you will be living on 11 acres surrounded by forty foot trees providing peace and privacy. The ability to walk to all amenities gives you the best of both worlds... living the acreage life in the centre of the city. If you love animals, this is the place for you.
This property value will only increase as time goes on making this a great investment oportunity, on your own or with a group of people.
One of the last "unique properties "in the area!
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