1334 13th STREET

Description

Prime development opportunity in Prince Albert's West Flat, directly across from Lion's Park. This vacant lot offers a generous 73' frontage on a quiet, established block near schools, transit, and community centers, making it an attractive location for families, students, and community-focused housing. Zoned R3 – Medium Density Residential, the property allows for a wide range of development options including multi-unit rental housing, care homes, lodges, or supportive living facilities. The City of Prince Albert is actively encouraging new growth through its New Construction of Commercial & Multi-Unit Residential Development Incentive, which provides a five-year declining tax abatement for any new project with five or more dwelling units. This program offers substantial savings and enhances the long-term income potential for developers and investors. A Phase 1 Environmental Assessment, completed in 2021, revealed no significant concerns and will be provided to buyers (Seller states has Phase 2 too). Architectural drawings are also included for a six-bachelor suite building with shared kitchen, dining, and living areas—an ideal design for student housing, affordable rental units, care homes, or supportive living projects. Seller state's building permits for this design were previously approved by the City, giving buyers a strong head start toward development. This property is being marketed alongside an adjacent vacant lot at 1316 16th Street West (MLS #SK016183), offered by the same seller. Together, the two parcels provide a total frontage of 133 feet, with drawings and environmental assessments prepared for combined development. This is a rare opportunity to create an income-generating project in a well-situated neighborhood, blending strong community amenities with significant municipal tax incentives. Whether your vision is a multi-unit rental, care facility, or specialized housing, these lots provide the ideal foundation for long-term investment success.

Listing courtesy of Just B Realty