Multi-Family Development Site in Sylvan Lake - 4.97 Acres

Located in Sylvan Lake, this 4.97-acre parcel presents a fully engineered, entitled, and permit-ready multi-family development opportunity. Zoned R-3, the site permits multiple housing and allows for immediate progression into site works. Stripping and grading permits have been issued, and a complete civil engineering package is in place, including cut/fill plans, drainage, storm sewer design, and erosion control. A fully engineered off-site stormwater solution, including a 1050 mm bypass main connected to the Town system, has been completed, eliminating a key development risk and allowing for direct mobilization.

Significant upfront work has been completed, including site survey, land assembly, pipeline abandonment and removal, and full site clearing. A logical staging plan supports phased development of approximately 80 to 120 units, reducing capital exposure and increasing flexibility. Offsite levies remain outstanding.

Sylvan Lake continues to demonstrate steady growth, with a population of 17,897 in 2025, up 10.3% over five years, supported by median household incomes of approximately $92,000 and a labour force exceeding 8,800 residents, reinforcing long-term residential demand.

Property Location