Hay River to Sell Fraser Place Lots by Auction

FOR IMMEDIATE RELEASE
The Town of Hay River, as part of its ongoing plan to increase the available housing inventory, is announcing a sealed bid auction for 11 fully serviced lots in the newly developed Fraser Place subdevelopment. Fraser Place is an urban infill development nestled along forested trails and within walking distance of downtown, schools, groceries and recreation facilities. Fraser Place can accommodate single family, multifamily, and accessory dwelling units in accordance with R1B zoning allowances detailed in the Town’s Zoning and Building Bylaw. Lots in the Fraser Place subdevelopment range from 6,631 to 9,149 square feet.

The initial sale of Fraser Place lots will be by sealed bid auction. Bidders must use the sealed bid form which they can find on the website (https://hayriver.com/fraser-place-2/) or they can pick up a copy at Town Hall. Minimum bid prices are based on a Fall 2024 appraisal and vary by lot size, with the lowest minimum bid starting at $78,400. Bidding remains open until January 24, 2025 at Noon MST. Lots not sold at the auction will be made available for purchase on a first come, first serve basis scheduled for February 17th at 2pm.

Hay River is supporting builders of residential and multi-residential properties through the Land Sales Incentive Program and will soon be accepting applications through the Residential Development Grant Policy. These incentives and more information on housing development options in Hay River are detailed in the new Land Development Guide and the Town’s website at: https://hayriver.com/planning/.

“We are pleased to continue efforts to give Hay River residents more housing options today with the Fraser Place announcement. This is one step amongst many identified in the Hay River Community Housing Strategy aimed at providing safe, affordable, and diverse housing options in Hay River.”