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Cold Lake · Vacant Land · under $375,000. Alerts only send when there are new or meaningfully updated matching homes.
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TWO LOTS with PRIME LOCATION strategically positioned on Main Street right next to OJS restaurant and pub, with excellent exposure to Highway 28 and just a few meters from the busiest intersection connecting Cold Lake to 4WING AIR FORCE military base. Comprising two lots, each measuring 50 x 144, this property is zoned Residential Mixed Use, opening the door to a wide array of commercial projects or the potential for multi-tenant commercial/residential buildings. Situated between a commercial multi-tenant building and a busy restaurant/lounge, and across from the newest car wash and liquor store in Cold Lake. Back alley access adds convenience, and the property enjoys significant foot traffic. This is a great spot for your business with immense potential for success.Other Property Types: Commercial LandOwnership Interest: PrivateSite Services: Not KnownTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: MAHA CHEHAYEBAppointment Phone: 780-207-7626Paragon Listing ID: E4412289 (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 24, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.