FFOR SALE. Sylvan Lake (Popular Resort Town in Alberta) Excellent Pricing 1.40 acres $699,000

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1 Sylvan Lake (Popular Resort Town in Alberta) Prime Multi-family Development Land (Proposed Density: 74 units or 92 units or 110 units) Excellent Pricing 1.40 acres $699,000 Site WING TANG [Associate - Investment Sales] Direct: (403) Cell: (403) wtang@royallepagecommercial.com Royal LePage Solutions-Commercial Division #205, 264 Midpark Way SE Calgary, AB T2X 1J6

2 Excellent Development Potentials: Townhomes Duplexes Fourplexes Rowhouses Seniors Housing/Assisted Living Sylvan Lake Sylvan Lake is a town in central Alberta. It is situated on the southeast edge of the Lake, a 15 kilometer long fresh water lake in Red Deer County. Sylvan Lake has a long history as a popular resort town with its spring-fed lake and well developed waterfront, drawing 761,000 visitors each summer. However, Sylvan Lake is much more than a resort community boasting a thriving industrial core. The Town is also home to many professional, scientific and technical services, and health related businesses. Sylvan Lake is approximately 24 minute drive from the City of Red Deer where you will find a wide array of services and amenities including a regional hospital. Distance from Sylvan Lake to: Red Deer: ± 15 miles (24 km).. 24 min ± Calgary: ± 98 miles (158km).... 1hr 36 min ± Edmonton: ± 101 miles (162km).. 1hr 43 min ± Population: 14,816 (2016) 14,310 (2015) 13,015 (2013) 12,327 (2011) Business Tax: none Property Particulars Civic Address: Legals: Zoning: Gross Land Area: Frontages: Property Taxes (2017): Street, Sylvan Lake, Alberta Plan: 7179ET Parcel (F) containing hectares, more or less Parcel (G) containing hectares, more or less W-DC (Waterfront Direct Control District) ± acres (0.574 hectares / 61,785sf) ± 347 fronting 52 Street ± 173 fronting 50 Avenue $6, Property Features: Large corner lot parcel in close proximity to the lake & promenade. 2 blocks walking distance to the marina, seasonal farmer s market, Lakefront Park, Rotary Lighthouse Park and Lakeshore Drive the commercial/retail strip. Close to the Sylvan Lake Golf & Country Club. Sylvan Lake offers a wide range of services and amenities including Walmart, Canadian Tire, Sobeys & more. Short commute (approx 24 minutes) to the City of Red Deer. Great holding land for future development. xclusive Sale Offering Quasi Industrial-Retail Property Price $699,000 ($11.31 psf) 74 units $9,446/unit 92 units $7,598/unit 110 units $6,355/unit Not intended to solicit any party under a relevant contract. The information above is derived from sources believed reliable, however, no warranties or representations are being made regarding such information, and same is submitted subject to errors, omissions, change of price, rental or other conditions, and to any specific leasing conditions imposed by the landlord of the property. All offices are independently owned and operated, except those offices marked as Royal LePage Real Estate Services Ltd. Royal LePage is a registered trade-mark used under license Brookfield Real Estate Services Manager Limited

3 Aerial Map Sylvan Lake: Services & Amenities Walmart Canadian Tire Rona Sobeys Shoppers Drug Mart Landmark Cinema Dollarama Napa Auto Parts Lakeside Go Karts & Mini Golf Sylvan Lake Golf/Country Club RBC CIBC Scotiabank ATB Financial Servus Credit Union Co-operators Insurance Tim Hortons McDonald s Humpty s DQ Grill & Chill Panago Pizza Booster Juice Boston Pizza Humpty s Taco Time Wok Box Wendy s Subway A & W Big Moo Ice Cream Parlor Mac s Pet Valu Pet Planet Lube Shop Fountain Tire House of Music Sylvan Lake Arena Sylvan Lake Lions Club NexSource Leisure/Wellness Ctr Esso Fas Gas Plus and others

4 Site Dimensions

5 Schematic drawings for 74 units Conceptual Development: Density: 74 units Building A: 2 bedroom: 1 unit 1 bedroom: 33 units Bachelor: 3 units Total: 37 units Building B: 2 bedroom: 1 unit 1 bedroom: 33 units Bachelor: 3 units Total: 37 units # of Storey: 3 Parking: 74 surface stalls (no u/g parking required) Proposed development will allow the site to be developed in 2 phases by splitting the entire complex into Building A & Building B.

6 Schematic drawings for 92 units Conceptual Development: Density: 92 units 16 x 2 bedroom corner units (655sf) 76 x 1 bedroom units (550 sf) Parking: 97 surface stalls (no u/g parking required) Once Approved Development: 110 Units: The site was conditionally approved in 2008 for a 110 suite/112,960sf multi-unit residential building under DP No rendering available.