Terminated Listing

5901 50 Avenue

5901 50 Avenue, Rural Red Deer County

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$6,990,000Price
Sq Ft

HOME SWEET HOME DEVELOPMENT OPPORTUNITY.

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HOME SWEET HOME DEVELOPMENT OPPORTUNITY! DODD’S LAKE DEVELOPMENT OPPORTUNITY! This is your RARE OPPORTUNITY to purchase a PRIME 124.62 ACRE PLOT OF LAND offering LUXURY LAKESIDE LIVING in the charming and growing town of Innisfail! Phase one is approved for 101 homes and being sold by current owner. Potential for over 900 residential units can be developed. Perfectly located along beautiful Dodd’s Lake, suitable for high quality residences with resort style amenities will fuse high end living with the magnificence of natural surroundings. The picturesque Town of Innisfail is located in central Alberta, between Calgary and Edmonton with quick and convenient access to Highway 2. The town also boasts an array of local galleries, museums, community events, numerous local eateries and some of Alberta’s top golf courses. For those seeking adventure, the rugged mountains of Banff, Jasper’s sparkling glaciers, and Lake Louise’s turquoise waters are all easily accessible, providing endless opportunities to enjoy the great outdoors. With unmatched water views and natural landmarks, Dodds Lake proposed development will include two-storey homes, Bungalow/Villa townhomes and condominiums. A year-round community with all the advantages of resort living on the shores of Dodds Lake. This master planned community envisions the project to have resort-style amenities such as continuous pathways, a boardwalk along Dodd’s Lake’s shoreline, restaurants, shops, a clubhouse with a pool, sauna, fitness areas and even a golf simulator. INCREDIBLE OPPORTUNITY for experienced developers, REITs, and institutional investors to acquire and develop this high-potential site with low supply in the area and high demand to escape the big cities. Land zoning is RD - Reserved for Future Development District & R3 –Residential Multi-Family District. PHASE 1 (not included in this sale) is 101 Freehold Townhomes, with sales already underway. Additional Information is available on both the the MLS supplements link and in the Client Data Portal. Contact us today for more information!

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Specifications

Property Details

Property TypeLand
Property SubtypeResidential Land
Transaction TypeFor Sale
Lot Size5,428,492 sq ft
Lot Acres124.6200
FencingNone
Lot FeaturesCity Lot,Creek/River/Stream/Pond,Environmental Reserve,Gentle Sloping,Irregular Lot,Near Golf Course,Open Lot,Pasture,Rolling Slope,See Remarks,Treed,Views,Waterfront
Water SourceSee Remarks
SewerNone
UtilitiesElectricity Paid For,See Remarks
Condo/ComplexZ-name Not Listed
Annual Taxes$4,160 (2025)
ZoningRD
PossessionNegotiable
Title / LandFee Simple
InclusionsSEE CLIENT DATA FILES
Days on Market24
ListedFebruary 9, 2026
NeighbourhoodNONE
MLS NumberA2281488
The Location

NONE

5901 50 Avenue, Rural Red Deer County, Alberta, T4G 1R7

Fishing
Golf
Lake
Park
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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of Century 21 Bamber Realty LTD..

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $4,160. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Terminated. MLS A2281488. Listed February 9, 2026. Listed by Century 21 Bamber Realty LTD..

Interested in this property?

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this exceptional listing.

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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: March 18, 2026.