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Claresholm · Vacant Land · under $1,750,000. Alerts only send when there are new or meaningfully updated matching homes.
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80 ACRES - CURRENT ZONING R-1 and PHASE 1 SUBDIVISION APPROVALS IN PLACE. Lots possible number of 332 (UPA) R-4 Multi Family units = 100 R-1 + possible other options include a Seniors Facility. All services are to the Property Line including water, sewer and storm. Located an hour and a half drive South of Calgary and 1 hour North of Lethbridge, the town of Claresholm offers a hospital, doctors and medical services, all levels of schooling, daycares, veterinary clinics, churches, restaurants and shopping. Located in the Municipal District of Willow Creek is located on the CANAMEX corridor, a 6,000 km trade corridor that is the cornerstone for transportation of goods, services, people and information between Western Canada, the U.S. and Mexico. Claresholm is an active participant in the RNIP Program recommending immigrants for permanent residency (Rural & Northern Immigration Pilot Program).This land parcel is within the Prairie Shores ASP and is located on the North end of Claresholm with easy access to Highway #2 for commuters and is located within walking distance to several schools. This is a great opportunity for developers looking to add to their portfolio. Alberta's changing and thriving economy is constantly adding new resources and this prime location offers access to markets and a growing population adds employees and new businesses. (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
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
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,788
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 Feb 11, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.