Elbow Valley Vacant Lot for sale: AG land with future development potential (Listed 2016-05-02)

Overview

Hwy 8 at Range Road 40, Rocky View County, Ab

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EXCLUSIVE
  • Property Value$3,000,000
  • Property AddressHwy 8 at Range Road 40, AG land with future development potential, Rocky View County, Ab, Canada
  • TypeVacant Lot
  • StyleRaw Land with future development

Elbow Valley

Hwy 8 at Range Road 40, AG land with future development potential, Rocky View County, Ab, Canada

Description

The property is 148.18 acres of vacant land, located along Highway 8, adjacent the eastside of Range Road 40, with exposure from both frontage roads. The site contains a rolling topography, and contains partial mountain views. There are creeks running through the property, and there is a large irrigation right of way registered on title, comprising 36.89 acres and 12.30 acres, which are deemed undevelopable. The right of way feature is considered a positive amenity in any future development, because of the natural reserve type setting. The net developable area of the land would be at maximum 98.99 acres, with potential for further reductions.
The property is serviced with natural gas and electricity but does not have municipal servicing for potable water, sanitary sewer or storm water drainage.
The current intended use for this property is farm and ranch although it is not considered to have added any value at this time it is believed to have a great deal of future value as a country residential subdivision.

Features

This property location is superb in many ways when considering the future it holds and the proximity to all areas of Calgary. Google maps puts travel distance and time at 30.5 km and 25 minutes to the heart of downtown.

 Real Estate Listing provided by
  • D.C. & Associates Realty
  • 1101 - 8th Street SE
  • Calgary, Ab
  • T2G 1N5

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.