The Opportunity

Overview

Prime development opportunity consisting of 123.08 titled acres located within Sylvan Lake’s West Area Structure Plan boundary. The seller intends to retain approximately 8–10 acres, including the existing home and shop, at the time of subdivision and registration by the purchaser/developer. Offered at $2,940,080, this price reflects the adjusted structure and development potential of approximately 113 acres of saleable land. Ideally situated along 60th Street between Sixty West and Greyhawk communities, the parcel features rolling topography, natural treed areas, and Golf Course Creek running through the property. Zoning: FD – Future Designation District. This offering allows a developer to advance the Outline Plan, rezoning, and subdivision processes while accommodating the seller’s retained acreage. Planning documents, Natural Area Management mapping, and title available upon request. (id:61970)

Investment highlights

01Vacant Land

Property details

Property type: Vacant Land
Transaction: For sale
Site area: 113.08 acres
Listing brokerage: eXp Realty - Sylvan Lake
Listing representative: Kevin Lapp
Board / association: Red Deer (Central Alberta)

Financial information

Asking price$2,940,080

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Location intelligence

4410 60 St
Sylvan Lake, Alberta T0M0H0

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Documents

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From interest to a decision

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 27603328
Last supplied (UTC): June 1, 2026
Listing brokerage: eXp Realty - Sylvan Lake
Listing representative: Kevin Lapp
Board / association: Red Deer (Central Alberta)

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: eXp Realty - Sylvan Lake · Listing representative: Kevin Lapp · Board/association: Red Deer (Central Alberta) · Updated (UTC): Jun 1, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.