Lot 7 at Teroloma Village Commons in Drayton Valley offers wonderful development potential! The 3.78 acre lot is located 1 block east of main street (50th street) w/ great visibility from main street given its increased elevation. The lot offers street frontage on both 46th ave. & 47th street, accesible from two spots on 46th ave. The property is currently zoned C1 Commercial (permitted uses including professional businesses, most retail, liquor stores, places of worship, etc., discretionary uses include gas bar associated w/ retail store). A commercial development at Teroloma Village Commons would offer quick & easy access & closest proximity to a significant population base in Drayton Valley, neighbourhoods including Regency Park, Meraw Estates, etc. The lot had been zoned Medium Density Residential and could be rezoned back to R3 easily enough. Initial development called for 38 semi attached residential units, new water & sanitary lines are on lot for this purpose, gas & electricity to boundary.
Contact Wayne Heine About MLS® E4095803
Wayne Heine, 780.991.5107 at RE/MAX Real Estate, 10805 120 Street, Edmonton, Alberta, T5H-3P9
Disclaimer: Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated May 9, 2021, 8:20 am.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.