5139 48 Street What an investment / development opportunity! This vacant lot and the one next to it are zoned R-3. As per the Town of Innisfail, R-3 is defined as Residential High Density District. This allows for multi-unit residential developments such as an apartment building, townhouses and condominiums. With the current housing shortage, this development opportunity may be exactly what you've been looking for! It's central location and easy walking distance to schools, downtown shopping, banks and recreational facilities make this property a real gem! (id:203)