6806 59 Avenue, Red Deer, AB, T4P 1B4
O P P O R T U N I T Y!!!! This property will have the formal subdivision of itself into 4 lots, zoned for 2 side by side duplexes to be constructed, completed before the end of 2018. The City of Red Deer and Seller have completed the subdivision formalities and there are a few clerical items to finish. Cost per duplex side is $81,225. Lots will each be approximately 3000 Ft2. Seller will supply 4 Titles and new Real Property Reports. Home is currently occupied and is very nice. It can be rented while you wait for timing for construction. If construction and demolition of home not started in the 365 days following completion of subdivision the new owner will only have to repay the city fees (approx $2500) to extend the timeline. Buy and build, or buy, hold and build…it’s your call. Land has excellent drainage, frontage and mature trees on perimeter. Excellent opportunity!
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