$1,595,000.00 146.79 Acre

on Highway 771, Rural Ponoka County. T0C 2J0


Let me introduce you to an amazing opportunity to own a beautiful country residential development property overlooking Gull Lake. A gem in the booming central Alberta market for lake living. Land is ready for developer/investor with a vision. The upside potential is huge! 146.79 acres zoned Country Residential within the West Gull Lake Overview Plan. That means you can apply to subdivide this parcel into as many as 46 lots that are between 2-5 acres, each with its own septic and water well. This parcel has incredible views; the hill is the perfect vantage point that overlooks the entire length of Gull Lake, as well as many stunning 360 degree countryside views. Across the road from the future Westlake Community Centre and kiddy-corner to Parkland Beach Subdivision - walk to the Marina and store/liquor store. All you need to enjoy life at the lake! Borders both Parkland Beach Road and Highway 771. The development possibilities are many. You could develop this land as an exclusive private estate, a multi friend or family split of the land for private estates. Developers, so many possibilities… apply to rezone it to RR and create a subdivision with smaller lots. The right owner in the right situation will be enriched many times over. We may never see an opportunity like this in our lifetime again. The recent pandemic has created a hunger for lake life. Many people are working from home. 1.5 hr drive to Edmonton! The timing couldn't be better for this type of development. Seller would consider some seller financing, and renting the land until development.

Listing Information

Prop. Type:Land
MLS #:A1112170
City:Rural Ponoka County
Land Size:146.79 Acre
Listing Price:$1,595,000.00
Listing Price Arce:$10,865.86 per Acre
Property Subtype:Residential Land
Transaction Type:For Sale
Land Use Code:CR
Listing Contract Date:2021-05-30

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Realty Executives Alberta Elite" listing brokerage.

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