Single-family properties at the new Stan McCowan Place development will cost buyers between $74,550 and $154,350.

The prices for the properties at the site of the former Stan McCowan Arena were released Friday afternoon through the city's lottery packages now available at city hall.

All the properties listed at 555 square metres - 6, 10, 14, 18, 22 and 26 Stan McCowan Place - are priced at $71,000 in the lottery, with the GST bringing it up to $74,550.

After that, 2 Stan McCowan Place is priced at $80,000, with the GST making it $84,000.

Those properties allow for single-family homes only.

The other properties in the new neighbourhood - all priced at more than $100,000 - can all support duplexes, with the minimum lot size required for a duplex being 835 square metres.

The lowest price on the larger properties is for the 968-square-metre 35 Stan McCowan Place at $111,000, or $116,550 including the GST.

The largest sits next door at 36 Stan McCowan Place, costing $147,000, or a total of $154,350 with the GST.

In between those is the 1,120-square-metre 32 Stan McCowan Place, priced at $129,000, or $135,450 with GST.

Along with the Stan McCowan Place single-family properties up for sale in the lottery is 1 Boxwood Cres., a site the city opened for development earlier this year.

At 1,038 square metres, large enough for a duplex, the property is priced at $120,000 or $126,000.

The Boxwood Crescent site is zoned as Single-Family Residential and is subject to the regulations most single-family lots in the city have.

The Stan McCowan properties fall under the new Comprehensive Residential Single-Family zone approved by the city for the new neighbourhood and the new Ingram subdivision being developed next to Arkell.

The comprehensive zone means rear lane access only for most properties; houses must include front porches that take up at least half the front width; landscaping requirements, the inclusion of two types of siding on the house; a different colour scheme for the two buildings next door; no living suites being allowed; and a development permit required for all development.

Those applying for lots must pay a $60 non-refundable application fee as well as a $300 administration fee that will be refunded if a buyer's name isn't drawn in the lottery on Sept. 15.

Meanwhile, those who are successful with the lottery must pay a $5,000 deposit to the city by Sept. 29, sign a sale agreement by Oct. 10 and will then have until Dec. 31 to complete the purchase.

A standby list will also be established after the winning names are drawn in the lottery at 2 p.m. on Sept. 15 in council chambers at city hall.

While the single-family lots fall under the lottery process, the three multiple housing sites at Stan McCowan Place are being sold off by a bid process, with the lots going to the highest bidder above the minimum prices.

The 5,870-square-metre multiple family lot at 27 Stan McCowan Place is listed at the highest minimum price at $250,000.

Meanwhile, there are two sets of five townhouse lots with 11, 13, 15, 17 and 19 Stan McCowan Place at a minimum of $198,000, while the lowest minimum price is $189,000 for 1, 3, 5, 7 and 9 Stan McCowan Place.

Similar to the single-family lots in the area, the multiple housing lots fall under comprehensive development zones, with regulations on vehicle parking or access in front, setbacks, building facades and so on.

Bids must be accompanied by a $10,000 deposit and be in by 2 p.m. on Oct. 10, when they'll be open.

Sale agreements must be signed by Nov. 10, with the land transfer happening by Dec. 31, when the bid must be paid in full.