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$125,000
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
Subdivision Timberlea
MLS® Listing ID A2276492
Annual Tax Amount $100
Tax Year 2025
Lot Size 0.692 Acres
Acres 0.69
Property Sub-Type Residential Land
Source Fort McMurray
Property Description
OPPURTUNITY TO BUILD MULTI FAMILY IN A MARKET WHERE AFFORDABLE LIVING IS NEEDED. 10 remaining lots in the complex of THE WOODS, in Timberlea. This project has been started and 31 units have been completed to date. The completed units consist of 2 Storey town homes with Attached Double and Single car garages and square footage as large as 1561. The most recent sale was sold at $378,000 and was a mid-size unit. The current builder has been building homes in Fort McMurray for over 20 years but is wanting to give another developer/builder an opportunity to complete this project as Qualico is stationed out of Edmonton and has moved their focus to building locally where their head office and manpower are. This is an incredible opportunity for a builder to take advantage of the Multifamily market in Fort McMurray, which is the only market that has seen price increases in recent years. These increases have come from large demand from Investors that have entered our market as there is such an opportunity to create cash flow. Whether you are looking to cash in on selling these units for profits after building or setting up a pool of rentals to cash in on our high rental prices. Call for more details and see link for Brochure information from when previous units were sold.
Location
Province AB
County Wood Buffalo
Area Fm Nw
Zoning R3
Interior
Inclusions vacant land
Exterior
Fence None
Community Features Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Building
Lot Description Back Yard
Others
Restrictions See Remarks
Tax ID 102195237
Ownership Private
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Listed by COLDWELL BANKER UNITED
Nearby Locations
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