Dozens of lots are up for sale with the County of Minburn’s new ‘Buy a Lot for a Loonie’ program.
As long as dwellings are constructed within a certain time frame, purchasers may eligible for this program in Vegreville, Lavoy, Ranfurly, Minburn, and Mannville.
Planning and Development Officer, Devin Gegolick said, “We’ve never really marketed our lots. We created this program to spur development in the county and hopefully see a house or yard on them.”
Currently, the county is on the hook for cutting the grass, and if the properties sell they would be relieved of those duties and also receive the taxes from them. The program has already created quite a bit of interest as Gegolick received several calls the first day.
Available lots are all different sizes – some are fully developed (50’ wide, serviced and ready to put a house on) while others are larger but not serviced.
“This also provides an opportunity for developers in Lavoy and Minburn to develop larger lots and resell them at a fairly good value,” said Gegolick.
Interested parties are encouraged to submit a plan along with their estimated time for construction. A $1,000 deposit will remain until the county is satisfied, the building is inspected and meets codes, at which time the deposit will be given back and the purchaser will take ownership.
Gegolick said even if people are unable to develop them right away, they are still able to purchase the properties at the price listed.