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101 2nd Street E
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Derwent · Single Family · under $400,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Seize this rare opportunity to own a truly one-of-a-kind property in the quiet community of Derwent, AB. Situated on a spacious 0.76-acre lot (5 lots), this versatile property offers a unique combination of comfortable living space, practical outbuildings, and exceptional recreational features—making it the perfect fit for a family, hobbyist, or anyone seeking a lifestyle property. The 1,300 sq. ft. home provides a warm and inviting living environment, while the property itself is equipped with an impressive collection of buildings and amenities, including: A 30’ x 48’ Quonset (insulated), ideal for storage, a workshop, or hobbies. A charming 12’ x 24’ three-season gazebo, complete with a wood-burning fireplace—perfect for entertaining or relaxing. A garden shed for tools and outdoor essentials. An older 29’ x 32’ outbuilding currently used for storage, featuring an attached greenhouse for gardening enthusiasts. A 14’ x 24’ detached heated garage, which houses a remarkable 8’ x 16’ Legend Ocean artic swim spa equipped with Spa Boy technology, allowing for effortless maintenance and Wi-Fi monitoring. That’s just the beginning! The property also features a natural gas BBQ hookup, a brand-new 9,250-watt gas generator capable of powering the entire property, a fire pit (wood included), and many additional upgrades designed for comfort and convenience. Whether you’re looking for a family home with space to grow, a private retreat with endless amenities, or a property with room for hobbies and recreation, this Derwent gem truly has it all. With Wisdom Home Schooling located withing a short drive, it is a perfect location for a home schooling family. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Storage | 5.00 Ft x 7.50 Ft | |
| Storage | 5.00 Ft x 10.83 Ft | |
| Living room/Dining room | 13.33 Ft x 25.92 Ft | |
| Bedroom | 13.08 Ft x 10.75 Ft | |
| Office | 7.83 Ft x 15.17 Ft | |
| Laundry room | 6.75 Ft x 11.08 Ft | |
| 3pc Bathroom | 5.17 Ft x 7.75 Ft | |
| Furnace | 9.33 Ft x 4.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 19.17 Ft x 10.83 Ft | |
| Family room | 21.00 Ft x 15.92 Ft | |
| Bedroom | 9.83 Ft x 12.42 Ft | |
| Bedroom | 9.00 Ft x 11.17 Ft | |
| Bedroom | 9.00 Ft x 10.83 Ft | |
| 4pc Bathroom | 4.75 Ft x 10.83 Ft | |
| Other | 8.33 Ft x 7.83 Ft |
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
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Oct 27, 2025.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Derwent. The listing facts above are live.