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Home AB Wetaskiwin
4604 56 AV
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4604 56 AV $735,000
1 day ago
$735,000
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4604 56 AV
Wetaskiwin, Alberta T9A3S5

MLS® Number: E4433120

Listing Description

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. (32655793)

Property Summary

Property Type
Vacant Land
Building Type
No Building
Neighbourhood Name
Garden Meadows
Title
Freehold
Land Size
5382.32 m2
Time on REALTOR.ca
1 day

Legal Description

Plan :- 0224820 Block :- 1 Lot :- 10

Building

Building Features
Features
Flat site
Neighbourhood Features
Amenities Nearby
Shopping

Land

Lot Features
Fencing
Not fenced
Data provided by: REALTORS® Association of Edmonton 101 - 18354 118 Avenue NW Avenue, EDMONTON, Alberta T5S 2G2

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