R3 Lot for 3 - 24 Unit Apartment Buildings

Description

Excellent opportunity to buy a fully serviced R3, 2.28 Acre lot in the town of Kindersley. This lot is already approved for 3-24 suite Apartment buildings with parking. The working drawings are available. The property is priced to sell and being sold 40% below the Suncorp AACI Appraised Value. The 2.28 acres is situated in the picturesque Brookhollow Estates, and is a fully serviced development that boasts parks, open spaces, and proximity to the serene Motherwell Reservoir and walking trails. The town has recently brought in sand and made a beach, providing leisure and relaxation for residents. Infrastructure includes storm sewer, domestic sewer, water, sidewalks, curbs and gutters, paved streets, street lights, gas and electric services. Builders can secure permits swiftly and take advantage of a 3-year property tax abatement. Kindersley's strategic location amidst fertile agricultural lands and a flourishing oil and gas industry offers a wealth of local amenities, including an airport, hospital, and this property is located � mile south of Walmart. Kindersley is a pivotal transport route between Calgary and Saskatoon. Recent investments in hotel infrastructure underscore the town's growth potential, with a trading population exceeding 40,000 people in the surrounding area. Kindersley is the largest center in west central Saskatchewan. The demand is strong for affordable housing in the Kindersley area, with no building of apartments in the last 20 years.

Listing courtesy of Sutton Group - Results Realty