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5250 Winward Place
Sylvan Lake, AB T4S 1P7

$1,634,868 USD

Land For Sale  •  4.97 AC

Property Details

  • Property Type Land
  • Lot Size 4.97 AC
  • Zoning R3
20 Walk Score

Description

Located in Sylvan Lake, this ±4.97-acre development site presents an advanced-stage opportunity for multi-family construction with minimal pre-development requirements remaining. The property is zoned R-3 and supports multiple housing, with approvals in place that allow a purchaser to focus on execution rather than entitlement.

The site has undergone extensive planning and technical work, including completed civil engineering design, established servicing strategy, and resolution of off-site drainage constraints. Key infrastructure components and site preparation items have already been addressed, positioning the project for a streamlined transition into construction. A phased layout concept is also in place, offering flexibility in build-out and product mix.

Situated within an established residential area with strong access to surrounding amenities and commuter routes, the property is well suited for developers seeking a near-term project with reduced planning risk in a growing Central Alberta market.

Highlights

Significant upfront work has been completed
Growing market, population reached 17,897 in 2025, up 10.3% over five years.
Connected location, with close proximity to Red Deer and strong regional access.
Brett Salomons 587-819-5915 Salomons Commercial
Brett Salomons 587-819-5915 Salomons Commercial