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$5,699,900
Highway 55 8 AV
Cold Lake North, Cold Lake
MLS® #E4463527
- 538,232 square meters
- Vacant Land
- ✓ Real Lot Size Listed
This 133 acres was annexed into the City of Cold Lake, although it still bears the legal description of the MD of Bonnyville until the property is developed or built on. Both the North and East side of the property border highways 55 [North] and Highway 28 [8th Avenue], and although presently ‘urban reserve’ [formerly Country Residential under the MD of Bonnyville], the land can be rezoned with the potential being for commercial development along highway 55 and highway 28, with a residential housing subdivision in behind, similar to the pattern of the Tri-City area where commercial retail [Tri-City Mall, Wendy’s, Starbucks, Tim Horton’s, etc], has been developed on highway frontage and residential housing has been developed in behind. The Sellers also own the 7 acres kitty corner to Burger King, Esso, Tim Hortons, off of 8th Avenue. (id:66619)
Features
Lot
538,232 square meters
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
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Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
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Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.