Cochrane Lake West, Cochrane, AB, T4C 2A8, CA

Cochrane Lake Hamlet

Asset description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale Cochrane Lake Hamlet—a 118-acre immediate greenfield development opportunity situated on the northern boundary of the Town of Cochrane, directly west of Highway 22, in Rocky View County (“Cochrane Lake Hamlet” and/or the “Site”). The Site has been meticulously designed to minimize development risks, creating a favourable environment for a developer to capitalize on the growing demand for affordable housing.

Cochrane Lake Hamlet has a distinctive Conceptual Scheme approved by Rocky View County, which allows for a diversity of housing including single-family homes, duplexes, town homes, and small multi-unit buildings in a pedestrian-friendly oriented community. The Site is positioned in a stunning natural setting and benefits from unobstructed views of the Rocky Mountains.

In the highly competitive and growth-oriented housing market of the Greater Calgary region, most of the development capacity is held by a small group of developers. However, the Site presents a unique opportunity to secure future lot supply in a tightly controlled market.

The Site is being offered for sale at an asking price of $25,950,000 or $220,000 per acre on a first come, first served basis. The Vendor reserves the right to call for a bid date with 14 days notice.

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Investment highlights

No Development Risk - All planning approvals are secured, and all infrastructure is in place, ensuring commencement of development as early as this year.

Variety of Product Mix - Planning calls for a mix of housing, targeting affordable buyers and/or renters.

Development Cost Savings - Significant development cost savings from developing in Rocky View County versus Cochrane and Calgary municipal boundaries.

Strong Market Fundamentals - Lot absorption in the greater Cochrane area is very high and the inventory in the existing communities is rapidly declining.

Strategic Location - Located just outside of the Town of Cochrane’s boundary provides all the benefits of rural living with immediate connectivity to town services and amenities.

Stunning Natural Features - Unobstructed views of the Rocky Mountains, and easy access to Cochrane Lake, walking trails and open green spaces, all on a gently sloping grade.