Rare development opportunity. 1.33 Acres of high-density multi-family development land zoned R4 allowing up to 6 storeys of development in the Northeast quadrant of Wetaskiwin’s Garden Meadows subdivision. The October 2024 CMHC rental market summary notes a 2.4% vacancy rate, with recent population growth since the census of 12,594 in 2021. The city has lacked new multi-unit housing options in recent years. Wetaskiwin’s economy is driven by a mix of agriculture, manufacturing and warehousing, with a retail sector. Recent growth has seen 42 new business openings in 2023, and 27 business openings in 2024 adding new employment. The site is well positioned within walking distance to Norwood Elementary, Wetaskiwin Composite High School, Wetaskiwin Recreation Complex, and 50th Ave, the main avenue serving Wetaskiwin’s Old Town where you’ll find City Hall, rich with heritage, amenities, and services. The Garden Meadows neighbourhood is known as the newer & quieter side of Wetaskiwin containing new SF homes.
Address
4604 56 AV
List Price
$735,000
Property Type
Residential
Type of Dwelling
Vacant Lot/Land
Area
Wetaskiwin
Sub-Area
Garden Meadows
Lot Size
57934.81 Sq. Ft.
MLS® Number
E4433120
Listing Brokerage
RE/MAX Real Estate
Postal Code
T9A 3S5
Zoning
Zone 80
Exterior Features
Commercial, Flat Site, Not Fenced, Shopping Nearby
Access To Property
Paved
