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Multi-Family

505 Grove Drive

505 Grove Dr W, Spruce Grove, AB T7X 0A7

Listing Price: $2,340,000

Lot Size
3.90 acres
Price/Acre
$600,000
Land Type
Land

Investment Overview

The Spruce Grove Development Site located at 505 Grove Drive West provides investors the opportunity to contribute to the growing Spruce Grove market in the family-oriented and newly established community of Tonewood. The +/- 3.90 acre site is zoned DC (Direct Control), allowing for various potential build forms. The municipality has expressed preference for townhouse or seniors development, as the site benefits from excellent visibility and accessibility.

Investment Highlights

  • +/- 3.90 acre site in the growing City of Spruce Grove, located 11 km west of Alberta's capital city, Edmonton
  • Located in Northeast Spruce Grove along Grove Drive, the site benefits from excellent visibility in a quiet, family-oriented neighbourhood and is well suited for a low to medium density development
  • DC zoning allows for various potential build-forms with the Municipality expressing preference for townhouse or seniors development

Exclusively Listed By

Listing Price: $2,340,000

Lot Size
3.90 acres
Price/Acre
$600,000
Land Type
Land

Investment Highlights

  • +/- 3.90 acre site in the growing City of Spruce Grove, located 11 km west of Alberta's capital city, Edmonton
  • Located in Northeast Spruce Grove along Grove Drive, the site benefits from excellent visibility in a quiet, family-oriented neighbourhood and is well suited for a low to medium density development
  • DC zoning allows for various potential build-forms with the Municipality expressing preference for townhouse or seniors development

Investment Overview

The Spruce Grove Development Site located at 505 Grove Drive West provides investors the opportunity to contribute to the growing Spruce Grove market in the family-oriented and newly established community of Tonewood. The +/- 3.90 acre site is zoned DC (Direct Control), allowing for various potential build forms. The municipality has expressed preference for townhouse or seniors development, as the site benefits from excellent visibility and accessibility.

Exclusively Listed By

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