RE/MAX Excellence and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus Event (allows for contingencies) for Multifamily & HWY Commercial Land on ±3.29 acres in Innisfail, AB. A vibrant town surrounded by farms, lakes, and lovely countryside, Innisfail is set in the rolling parkland of central Alberta, between the Rocky Mountains foothills to the west and the flatter Alberta prairie to the east. Innisfail also has the benefit of being situated between Calgary and Edmonton, while Red Deer -- Alberta’s third-largest city -- is located just 15 minutes up the highway. The economy of Innisfail is primarily retail trade and business services. With a median income of CAD $76,160 and a predominantly married population, the residents bring in larger incomes, higher net worth, and gains. Property Highlights: Great highway visibility - less than 5 minutes from Queen Elizabeth II Highway providing direct and easy access to Red Deer, AB, and Calgary, AB. Fully approved for rezoning and subdivision for 2 residential parcels zoned as R-3 (±0.79 AC each) and 1 commercial parcel zoned as HWY-C (±1.71 AC). Less than 5 minutes away from 50th St which hosts well-known brands such as McDonald's, Tim Horton's, Subway, Pizza Hut, and more. Great development opportunity to provide housing to the local community - 16% of business owners in the Innisfail Business Retention Expansion Survey indicated that the lack of affordable housing was a barrier to attracting and retaining workers. Walking distance to a local high school serving students from multiple surrounding towns. Despite the pandemic, over 50% of business respondents reported a good to an excellent year, according to Innisfail Business Retention Expansion Survey, 2021. The 2,600 SQ FT house on the property has to be demolished for development.