Prime investment opportunity in Cold Lake's Schooner subdivision. Zoned R3, this lot is planned as the mirror image of 830 Schooner, designed for four condo townhomes. Each proposed unit features a floor plan with three bedrooms on the upper level, two bedrooms on the lower level, a private deck, and an attached single car garage. The location offers ideal convenience for future tenants or buyers, backing directly onto a playground and situated behind the newer Cold Lake Elementary School. Happy House Daycare sits at the corner of the street, providing accessibility for families with young children. The property is located just a few blocks from the Cold Lake Marina and local waterfront amenities.