Development Land Near Major Retail Node | Sylvan Lake | ±12.86 Acres Total

A combined ±12.86 acres of development-ready land is available for purchase in Sylvan Lake, Alberta. This offering includes three separately titled parcels located along Hinshaw Drive, in close proximity to the town’s primary commercial and retail corridor at 47th Street and Highway 20.

17 Hinshaw Drive (Lot 7): 5.78 acres total, with approximately 2.81 acres to be subdivided (pending subdivision)

27 Hinshaw Drive (Lot 6): 4.37 acres

47 Hinshaw Drive (Lot 5): 5.68 acres

Parcels may be purchased together or subdivided into smaller configurations, ranging from ±2.97 to ±12.86 acres, offering flexibility for phased or multi-project development. All sites are zoned R3, allowing for apartments, four-plexes, row housing, stacked row housing, and triplexes. Discretionary uses include daycare, adult care residences, and social care facilities.

The site is within walking distance to major retail anchors including Walmart, Canadian Tire, Sobeys, No Frills, Shoppers Drug Mart, and more. Located on a collector road in an established neighbourhood, the area is supported by CMHC financing options for qualified developers. Sylvan Lake continues to see strong demand for rental housing, with a low vacancy rate, an estimated 2024 population of 17,477, and an annual growth rate of 2.24%. The average household income is $116,141, and the median age is 37, supporting long-term housing demand in this desirable lakeside community.