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Vacant Land For Sale

$5,920,000

MLS® Number: 44426758

Floor Area

257,875

Land Size

257,875.2

840 King St, Spruce Grove, Alberta

About This Property

Prime Multi-Family Development Opportunity in Spruce Grove! Exceptional opportunity to acquire 5.92+/- acres of R2 zoned development land in Spruce Grove. This well-positioned corner site is surrounded by established residential neighbourhoods and offers excellent potential for medium to high density residential development within a mature and desirable community setting. Zoned R2 - Mixed Medium to High Density Residential District, the property permits a variety of housing forms including multi-unit dwellings, row housing, and street oriented residential development, providing flexibility for a range of development concepts. The site benefits from strong accessibility via Century Road with convenient connections to Highway 16 Yellowhead, allowing efficient regional access to Edmonton and surrounding areas. The property is strategically positioned near the expanding Westwind commercial development to the north, supporting future amenity growth and continued area investment. This offering presents a rare opportunity to develop within a stabilized residential area while benefiting from nearby commercial expansion and continued growth in the surrounding region

Property Details

Interior Details

Living Area

257875 sqft

Land & Location

Lot Size Area

257875.2 sqft

Lot Size Dimensions

257875.19999999998

Postal Code

T7X0R7

Listing & Financials

Listing Office

Royal LePage Noralta Real Estate

Originating System Name

REALTORS® Association of Edmonton – Commercial

Other Specifications

Country

Canada

Mortgage Calculator

20% ($1,184,000)
5.5%
25 Years

Estimated Monthly Payment

$29,083

Principal and interest only. Actual rates may vary.

Location & Map

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