RIVERFRONT PROPERTY

This property consists of 102.38 Acres located 7 kilometers east of Fort McMurray, between Draper Road and the Clearwater River, in the Regional Municipality of Wood Buffalo, Alberta, Canada.

Legal Description: E ½ Sec 32, Twp 88, Rge 8, W4M

Between Fort McMurray and the property, there are pockets of country residential developments, primarily on the south side of Draper Road. The town of Fort McMurray is growing toward this property. Located opposite the subject land, on the south side of Draper Road, is a country residential subdivision.

Fort McMurray is considered the heart of one of Alberta’s (and Canada’s) major oil production hubs, located near the Athabasca Oil Sands. Besides the oil sands, which dominate, the economy also relies on natural gas and oil pipelines, forestry and tourism. The two largest oil sands mining companies are Syncrude and Suncor.