$59,900

BUILD, INVEST OR DEVELOP! Great opportunity to secure an R2-zoned residential lot in the Town of Rimbey with several options for future development. R2 – Low Density General Residential zoning provides flexibility for a single-family home, duplex development or a home with a secondary suite, subject to Town of Rimbey development requirements and approvals. For today's market, this property could be especially appealing to a builder or investor looking to construct a side-by-side duplex, offering the potential to sell each side individually where subdivision requirements can be met, or retain the property as a long-term rental investment. Alternatively, build a new single-family home with a secondary suite to help offset ownership costs or provide additional rental income. With demand for affordable housing and rental accommodation continuing to create opportunities in smaller Central Alberta communities, this vacant lot offers buyers the ability to design a property around today's market rather than adapting an older home. Whether you're a builder, investor or future homeowner, this is an opportunity to put R2 zoning to work and create a property suited to your goals. Buyer to verify proposed use, servicing, development requirements, subdivision potential and applicable permits with the Town of Rimbey.