Hwy 20 Multifamily Development Site
Sylvan Lake, Alberta
The Offering
The Hwy 20 Multifamily Development Lands (hereinafter, the “Lands” or the "Site") presents investors the rare opportunity to secure a development-ready site in a market poised for long-term growth. Excellently located in Central Alberta's town of Sylvan Lake, three large lots comprise a land assembly of +/- 15.84 acres poised for multifamily development. Zoned R3 (High Density Development) with a maximum height of four storeys, the site prevents a compelling investment opportunity for developers and investors seeking strong absorption rates, rental income potential, and long-term appreciation.
Marcus & Millichap has been exclusively selected to offer The Hwy 20 Multifamily Development Lands for sale. The Site is being offered with no list price. At this time, offers will be reviewed on an as-received basis.
Investment Highlights
○ Sylvan Lake is one of Alberta's fastest-growing municipalities, with a steadily increasing population driven by both international and interprovincial migration patterns. The accelerated growth has shifted the rental demand, fueled by limited inventory.
○ Just minutes from the lakefront, the Site benefits from proximity to recreational amenities including beaches, golf courses, marina access, and trail systems. Year-round attractions and seasonal events draw over one million visitors to the area annually, supporting local economic stability and tenancy demand.
○ The parcel is zoned to accommodate multifamily use up to four storeys, providing a future developer flexibility in design and density.
