5143 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, which allows for multi-family residential development such as apartments, townhouses and condominiums. 5143 - 48 Street LOT HAS BEEN UPGRADED TO INCLUDE 6" OVERSIZED WATER AND SEWER LINES. This lot is centrally located and within walking distance to schools, banks, downtown shopping and nearby recreational facilities. This lot can be accessed from the street or from the back alley. With the current housing shortage, this development opportunity may be exactly what you've been looking for! (id:203)