This property is zoned R3 and is designed for a small multi-family apartment; townhouses, facing each other, a 4 plex or 6 plex; with plenty of room for parking, a yard, and located right behind the newer Cold Lake Elementary School, and the new Schooner Subdivision. It is only a few short blocks to the Cold Lake Marina, and Emma's Convenience Store is only 2 blocks away. There is a walk-way to allow access from Schooner over to Forest Drive, and the school playground is readily accessible. The Happy House Daycare is only 3 or 4 lots over, making daycare easily available for a young family. The lot is located in a cul-de-sac so there is no through traffic, making it safer for families with young children.