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Tim Jones
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Offered by:
Redline Real Estate Group Inc.

404 1 Av SE
Black Diamond, AB T0L 0H0
MLS# C4209209 ID: 54785301
Property Description
404 1 AV SE 0.72 Acres of fully serviced bare land for sale at a great price in the town of Black Diamond. Originally zoned DC with development approved for a 24 unit apartment complex. Builder of other 2 apartment blocks decided not to proceed with a 3rd phase. Was rezoned to R3 (up to 12 units) but town is willing to consider options to revert back to a 24 unit building. Services are in place for a 24 unit building. Currently town needs to loop it's fire protection water system for the north east quadrant and as such, this east area of town can't get development approval for approximately 1 - 2 years until an upgraded looped main water line is installed by the town. Town will consider the possibilty of a chemical wet or dry fire protection system with a development application and thus you can start building asap if approved. Mutual access agreement is in place with other 2 condo complexes for shared services and access. This property is also a great holding asset.
Property Features
Last Updated January 9, 2019
Market Status Available
Property Type Commercial