Outstanding Land Development/Investment Opportunity – 8.9 Acres well-located in East St Paul!

35 Mowat Rd, East St Paul, MB
MLS #: 202005174
Status: ACTIVE

$399,900

  • MLS Area / Neighbourhood:3P East St Paul
  • Property TypeVacant Land
Property Description

Fantastic Investment opportunity in sought-after East St Paul! 

Priced well below $468,500 RM assessment. 8.9 Acres of prime land with a 65 ft. wide access point at 35 Mowat Rd adjacent to existing upscale homes. This acreage borders along neighbouring Wallace Ave homes on the north side and to the south – along a ‘strip of acreage’ that runs adjacent to Speering Rd. and shares a border to the east with 11.45 acres that originates from Wasney St.

Situated near the new overpass interchange at the Perimeter Hwy!

Development potential within the East St Paul community.

Future subdivision potential. Buy & hold for future development opportunities. Envision the benefits.

Once again…this is an investment or development opportunity in prime East St Paul sector!

  • Just north along perimeter highway 101.
  • Priced below RM assessment.
  • 8.9 Acres of residential land zoned R1-17.
  • Has potential of being subdivided into 17,000 square foot residential lots as part of a development plan.
  • The street access point for this land is located at 35 Mowat Rd- a lot that is 65 ft. wide and stretches east and runs adjacent to existing backyards of established homes along Wallace Ave.
  • This vacant land borders Wallace Ave homes on the north side and a strip of acreage running along Speering Rd to the south.
  • This acreage shares its border to the east with another 11 acre property that originates at Wasney St. and is not owned by the same seller.
  • Strong subdivision potential or buy & hold for future development. 

The RM of East St Paul is now implementing rezoning and development strategies that will encourage developers to invest in the future growth of this area. Buy and hold now!

Be the one that seizes the opportunity and reaps the investment rewards in the near future.

This property is already zoned R1-17.  A single family residential zoning designation!

Note: Call us first for further details. Prepare to direct further due diligence inquiries to the Red River Planning District/RM of East St Paul.

Click Virtual Tour above for aerial view.

 

Additional Features

Monthly Payment: $0.00

 

Mortgage Amount: $0.00

 

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