Residents looking to build a home in Red Deer may have to look a little harder for land.
All 42 lots for the next phase of the Timberlands neighbourhood in northeast Red Deer were sold within a few hours on Tuesday.
This latest lot draw leaves no remaining residential lots for sale in Red Deer but the city has tentative plans to hold a lot draw for Timberlands North sometime this fall.
The lots were sold in a draw at City Hall for Timberlands South Phase 1B, next to 30th Avenue and west of the Timberlands Phase 1A development.
The city sold 28 lots to contractors, 12 to private homeowners, and two to charitable organizations. This Timberlands phase includes 15 single family lots, two single family lots with secondary suites, 13 single family narrow lots, and 12 duplex lots.
Joe D’Onofrio, city land co-ordinator, said the lot draw suggests residents have confidence in building homes in Red Deer.
He said this is a positive indicator of the economy and quality of life and a testament to the demand to put down roots in Red Deer.
This latest development will incorporate features new to the city, such as carriage homes, wider lots, laneless lots and park-facing properties — all designed with a focus on walkability, environmental sustainability, and integration of commercial, residential and civic opportunities.
For more information on Red Deer’s newest neighbourhood developments, visit www.reddeer.ca/land.