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Rural Wetaskiwin No. 10, County of · Vacant Land · under $2,075,000. Alerts only send when there are new or meaningfully updated matching homes.
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Rare opportunity to acquire 3-titled land parcels totaling over 46 acres of prime development land, ideally located just off the shores of Pigeon Lake and minutes from the Village of Pigeon Lake. With excellent access, proximity to year-round recreation, and strong demand in the area, this property offers outstanding potential for developers, investors, or visionary buyers.The land features a diverse and attractive setting with privately treed areas that enhance privacy and aesthetic appeal, providing flexibility for a wide range of development concepts. The parcel configuration allows for efficient planning and potential phased development, with two points of road access further supporting future subdivision or commercial use.Zoning and planning considerations allow for a variety of potential uses (with municipal planning and approval) and some consideration could be given to various investment opportunities such as RV or campground resort, executive lake-area acreages, residential development, eco-tourism, or recreational ventures.Located in one of Central Alberta’s most desirable lake destinations, the property is surrounded by a mix of full-time residents, seasonal homeowners, and tourists, while remaining conveniently close to essential services. Pigeon Lake continues to experience strong growth, limited land availability, and increasing demand for recreational and lifestyle-oriented developments.Whether held as a strategic land investment or developed into a signature lakeside project, this is a truly rare offering with scale, location, and long-term upside. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Feb 13, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.