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On Range Road 25A
Red Deer County, AB T0M 0H0
MLS# CA0113490 ID: 52848910
$775,000
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Property Description
Great Investment Opportunity! 128.46 acres of land only on the east side of Benalto. Presently used as farmland, but zoned DCD-7. The Hamlet of Benalto was identified as a potential growth area by Red Deer County in 2005. The opportunities and constraints identified with input from the residents, and an overall plan and guidelines were developed that responded to the vision for this area. On August 15, 2017, the Red Deer County gave final approval to the Benalto Major Area Structure Plan - Bylaw No. 2017/20. The development proposed for this property includes Hamlet Residential, Estate Residential, Commercial and Agriculture. Presently the land is cultivated with very little waste land. There are two oil-well sites with a total surface lease revenue of $4,750 per annum.
Property Features
Status
Last Updated July 3, 2018
Market Status Available
Description
Property Type Land
Approx. Lot Size 128.5 Acres
Offered By:
George Johanson
Coldwell Banker On Track Realty
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