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Executive Summary

Prime redevelopment opportunity located in the heart of Lake Alfred along the city’s main corridor. This highly visible property sits directly on a divided highway through the central stretch of town, offering excellent exposure and accessibility. The property currently includes three residential units, all of which are tenant-occupied, providing potential interim income while future plans are considered. With its strategic location along a major thoroughfare and within close proximity to local businesses, dining, and community amenities, the site presents significant potential for future redevelopment or investment. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.

Property Facts

Price $695,645 CAD
Price Per Unit $231,882 CAD
Sale Type Investment
No. Units 3
Property Type Multifamily
Building Size 2,550 SF
No. Stories 2
Year Built 1920
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
26-28-05-525000-003070
Land Assessment
$69,564 CAD
Improvements Assessment
$49,901 CAD
Total Assessment
$119,466 CAD
  • Listing ID: 40045004

  • Date on Market: 2026-04-06

  • Last Updated:

  • Address: 980 S Lake Shore Way, Lake Alfred, FL 33850

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