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Loreburn Rm No. 254 · Vacant Land · under $325,000. Alerts only send when there are new or meaningfully updated matching homes.
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Here is a unique 10.3 acre property located less than 5 kilometers north of the thriving resort town of Elbow. The property is divided into 2 parts. One side is zoned for commercial use and presently operating as a storage facility, the other half of the property is zoned for ag and suitable for a home. It has a fenced/gated area app. 475' X 200'. There is a 44' X 80' quonset with 220 and 110 power. There is also 30 amp and 50 amp service outside. Included are following equipment to able to work a property this size - John Deere 4600 with 460 loader, John Deere E180 Lawn Tractor, John Deere 506 3PH Rough Cut 5' Mower, Howard 3PH 6' Rototiller, Farm Kind 3PH 8' Tandem Disc, Free Form (Bourgault) 3PH 8' Cultivator with Depth Wheel,2 inch water transfer pump, Rite Way Trailer with Turtle Water Tank, Yard sprayer, Box Scraper and 3 point hitch. This ideally situated acreage would make and excellent location for a variety of different businesses such as machine shop, wleder, small engine repair, RV repair. Or it can continue to be operated as a storage facility for RVs, boats and vehicles. It would be ideal for a family to build a dream home on one side of the property and work on the business side. This is a well priced, one of a kind property in the Elbow/Loreburn area and is waiting for your ideas and new business projects. If you've ever wanted a "work from home" business with lots of space and opportunity, this is your chance to make the dream come true. (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).
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 Jul 6, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.