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5250 Winward Place 4.97 Acres of Residential Land Offered at $2,236,500 CAD in Sylvan Lake, AB T4S 1P7
Investment Highlights
- Significant upfront work has been completed
- Connected location, with close proximity to Red Deer and strong regional access.
- Growing market, population reached 17,897 in 2025, up 10.3% over five years.
Executive Summary
Sylvan Lake continues to demonstrate steady growth, with a population of 17,897 in 2025, up 10.3% over five years, supported by median household incomes of approximately $92,000 and a labour force exceeding 8,800 residents, reinforcing long-term residential demand.
Property Facts
| Price | $2,236,500 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 4.97 AC |
| Property Type | Land | ||
| Zoning | R3 - High Density Residential District | ||
| Price | $2,236,500 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 4.97 AC |
| Zoning | R3 - High Density Residential District |
1 Lot Available
Lot
| Price | $2,236,500 CAD | Lot Size | 4.97 AC |
| Price Per AC | $450,000.00 CAD |
| Price | $2,236,500 CAD |
| Price Per AC | $450,000.00 CAD |
| Lot Size | 4.97 AC |
Located in Sylvan Lake, this 4.97-acre parcel presents a fully engineered, entitled, and permit-ready multi-family development opportunity. Zoned R-3 with an approved Development Permit, the site permits multiple housing and allows for immediate prog
Description
Located in Sylvan Lake, this ±4.97-acre development site presents an advanced-stage opportunity for multi-family construction with minimal pre-development requirements remaining. The property is zoned R-3 and supports multiple housing, with approvals in place that allow a purchaser to focus on execution rather than entitlement. The site has undergone extensive planning and technical work, including completed civil engineering design, established servicing strategy, and resolution of off-site drainage constraints. Key infrastructure components and site preparation items have already been addressed, positioning the project for a streamlined transition into construction. A phased layout concept is also in place, offering flexibility in build-out and product mix. Situated within an established residential area with strong access to surrounding amenities and commuter routes, the property is well suited for developers seeking a near-term project with reduced planning risk in a growing Central Alberta market.
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5250 Winward Place
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