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Cowley · Single Family · under $4,650,000 · 1+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1029 TWP RD 8-4
Welcome to Southern Alberta. Step into a world of refined design with this extraordinary stone compound, sprawled over 100 acres of pristine Southern Alberta landscape. This fine estate, meticulously crafted by the owner, is a masterclass in architectural precision, where no detail has been overlooked. The property is a harmonious blend of European sophistication and modern functionality, offering a truly unique living experience. The estate features 4 distinct living areas, each exuding charm and elegance. The main residence is a grand retreat, reminiscent of a European mini- mansion with exquisite stonework, timeless design elements and custom finishes throughout. The secondary living quarters are equally impressive and include a one bedroom carriage house and 2 apartments above the stables, ideal for extended family or guests. This also presents a fantastic opportunity for revenue generation as a high end Air BnB which the current owner operates and has earned a rare 5* Super Host rating. Equestrian enthusiasts will be captivated by the indoor arena, which is not just functional but an ideal venue for hosting the most sophisticated riding events, complete with heated indoor viewing room and if that's not enough, there is a fenced outdoor riding arena as well. This property is more than just a home, It's an estate where every element has been thoughtfully considered to create a sanctuary of beauty, comfort and endless possibilities for one or more families. Whether you're seeking a serene family retreat, an income generating investment or a venue for grand events, this stone compound offers it all, right here in scenic Southern Alberta. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Cold room | 12.17 Ft x 11.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 11.75 Ft x 6.33 Ft | |
| Kitchen | 12.17 Ft x 21.33 Ft | |
| Dining room | 14.50 Ft x 9.08 Ft | |
| Living room | 11.58 Ft x 12.25 Ft | |
| Laundry room | 9.75 Ft x 7.08 Ft | |
| Primary Bedroom | 12.00 Ft x 15.25 Ft | |
| 5pc Bathroom | 11.83 Ft x 15.58 Ft | |
| Other | 8.42 Ft x 16.00 Ft | |
| 2pc Bathroom | 4.50 Ft x 4.50 Ft | |
| Furnace | 8.42 Ft x 5.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.58 Ft x 4.08 Ft | |
| Family room | 28.75 Ft x 17.83 Ft | |
| Loft | 12.42 Ft x 21.42 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).
Cash on cash
-0.48%
Cap rate
4.77%
GRM
13.9
Break-even rent
$26,164
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 Apr 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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