$699,000 1.39 Acres Lacombe - 56 Condo Lake front on 3 sides Residential Devolpment Opportunity - REIT Qualifying


New Forum Member
REIN Member
Jul 20, 2016
Red Deer
So many options ....Seller Financing, Rent-To-Own, Vendor Financing, Agreement for Sale, Joint Venture. *Apartment building showdown* 1.39 acres of development land zoned to have apartment buildings. Owner recently underwent the process to subdivide the front portion off but does not yet have separate titles. Build an 18 unit building off the front access of this land while still having a view of Henners Pond from it, then build a MASSIVE building on the back piece after you knock down the house and have executive units with a one of a kind view of Henners Pond! While you are working on the front building, collect the $2150 rent off of the home sitting in the back, this home has a lake feel, hardwood floors and vaulted ceilings with exposed beams, sunny rooms with walls of windows.This property has a mother in-law suite downstairs with a fireplace in the master bedroom and a wood burning stove in the family room. Upstairs there are 4 bedrooms (one off the garage) Large family room with vaulted ceilings and french doors leading out to a sundeck nestled in spruce trees. Large double attached garage. Message for more details.
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