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Cold Lake land sold for well under list price

Over two acres of high-density residential land sold for a fraction of asking
cold lake land
Price: $300,000
Lot Size: 2.14 acres 
Property Type: Land 
Zoning: R4
City: Cold Lake
Province: Alberta
Name of Brokerage: CBRE Edmonton  
 
Just over two acres of high-density residential land has sold for $300,000 in Cold Lake, Alberta, CBRE Edmonton reports. 
 
The site is located near many attractive amenities, including TriCity Mall and a retail power centre. Any residential development on the property would help draw in military forces from Canada and abroad, as there is an air force base to the west. The property sold for far below its list price of $1,391,000, or $650,000 per acre. 
 
The parcel of land is located at 6702 47 St., Cold Lake. 
 

 

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