TWP 89 RR 9, Fort McMurray, AB, T9H 1V3

Listing ID# E4032479
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$ 18,900,000

  • TWP 89 RR 9
    Fort McMurray, AB T9H 1V3
  • Listing ID E4032479
  • Building Type: Commercial
  • Land Size: 160
  • Status: For Sale/Active
  • Days On Website: 194
  • Community: Fort McMurray

Property Description

Historically, land development the Fort McMurray area has been controlled by the Province of Alberta. The surrounding lands are almost exclusively owned by the Government. This property is unique as one of very few properties that are privately owned. About 2000, the province recognized the need for more housing and municipal facilities, so land was tendered by sale, but the off site costs were to be paid for by the Government on the basis that developers would limit their profits to a reasonable amount. this made direct land cost analysis difficult. Residential lots sold upwards of $350,000 to $450,000 per lot ($9000 to $11,000 per front foot)

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