±180 Acres Prime Residential Development Land in Morinville, AB Listing Details & Market Data

This property is listed for sale via online auction. For more information and to review the due dilligence section visit https://fre.com/442D21

The Future of Real Estate (FRE) and Avison Young are pleased to present the Online Auction Plus® Event (allows for contingencies) for ±180 Acre Prime Residential Development Land in Morinville, AB.

With a population of 10,578 (according to the 2020 civic census), Morinville defines itself as a healthy business and residential community. Morinville’s residents are young and family-oriented and are committed to keeping the town safe and neighbourly. Some of the town’s advantages include: High quality education; wide range of recreational activities; diversity of residential styles; healthy retail business core; solid industrial base; opportunities for business investment and expansion; solid infrastructure and an exciting future. The Town of Morinville is the centre of the Municipal District of Sturgeon County. It serves as the commercial centre for the surrounding district. Its geographical position, combined with a well-developed transportation system, and its proximity to Alberta’s capital, will ensure continued prosperity in the future. (source: Town of Morinville, www.morinville.ca)

PROPERTY HIGHLIGHTS:

• Land is ready for servicing with some minor works already complete or underway
• 4.55-acre multi-family site is ready for immediate development
• Morinville is a growing community with an approximate fifteen-minute drive to Edmonton’s diverse employment opportunities
• Only 7 minutes to St. Albert - the 2nd largest city in the Edmonton Metropolitan Region
• Opportunity exists for the purchaser to adjust the Area Structure Plan to minimize lot size and maximize velocity and return
• Zoning (for more information view the "Land Use District Map" document): 
  • UR - Urban Reserve
  • POS - Parks and Open Space
  • R-1B - Single Detached Compact Residential
  • R-3 - Medium Density Residential
  • R-4 - Medium/High Density Residential
• The Town of Morinville offers convenient access to urban amenities while retaining the characteristics of a vibrant and
  flourishing rural community