Property Details

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Featured in:

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243211 Paradise Road
Chestermere (A2267442)

$6,400,000
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

PRIME 9.79-ACRE DEVELOPMENT OPPORTUNITY. This exceptional parcel in Chestermere’s highly desirable North Acreages offers a rare combination of immediate utility and massive future growth potential. Flat, fully fenced, and east-facing with scenic creek views, this site is perfectly positioned just minutes from Highway 1 and Calgary. FUTURE UPSIDE: A land-use redesignation is already underway, proposing a 43-lot R-1 single-family subdivision, plus R-3 multi-unit potential on the adjacent parcel. Substantial due diligence is complete and available to the buyer, including Engineering and Transportation Impact Assessments, Biophysical, Geotechnical, and Wetland studies, and Water/Wastewater servicing assessments. DEVELOP NOW – SKIP THE WAIT: Under the City’s 2023 approved Transitional Rural Residential (TRR) District, you can capitalize on this land today without waiting for city deep services. Utilize the existing high-capacity well and septic system to: • Subdivide into 1-acre parcels (minimum 1-acre lots permitted). • Build a single detached home with a secondary suite or a Bed & Breakfast. • Operational flexibility: Approved for major/minor home businesses, plus discretionary uses like Kennels, Animal Health Services, Child Care Facilities, or Places of Worship. • Servicing: TRR path allow for potable water via cisterns and wastewater via pump-out tanks. IMMEDIATE INCOME & UTILITY: The property includes a well-maintained 4-bedroom, 2-bathroom bungalow and outbuildings, allowing for owner use or rental income during the planning phase. Secure your stake in one of Alberta’s fastest-growing cities. 24-hour notice required for bungalow; land may be walked with a confirmed appointment. GST may be applicable. With strong housing demand and significant municipal growth, this 9.79-acre site presents a rare, high-ROI opportunity for developers and investors looking to secure a prime piece of Chestermere’s future.

Property details

Basic Info

MLS® #
A2267442
Property Type:
Land
Subtype:
Residential Land
Subdivision:
North Acreages
Price
$6,400,000
Sale/Lease:
For Sale

Building Info

Garage:
No
Fence:
Fenced, Partial
Basement:
No
Inclusions:
n/a
Outbuildings:
Barn, Bungalow

Neighborhood Info

Nearby Amenities:
Lake, Schools Nearby, Shopping Nearby

Lot / Land Info

Lot Size:
9.79 acres
Legal Land Desc:
22-24-28-W4
Zoning:
Large Lot Rural Residenti

Materials & Systems

Amenities:
Lake, Schools Nearby, Shopping Nearby

Listing Info

Possession:
Immediate
Days on Market:
55
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Grassroots Realty Group Ltd.
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