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15108 Highway 302 EAST Acreage
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Prince Albert Rm No. 461 · Single Family · under $725,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Country living just 4 km from Prince Albert ON 39.94 acres!!! Extensively Renovated Bungalow with 2 bedroom suite to help pay the mortgage! Escape the city while staying close to everything. This beautifully renovated 1110 square foot bungalow sits on nearly 40 acres just 4 km east of Prince Albert. The property offers city water, an above ground spray out septic system, a single detached garage, and incredible potential for future subdivision. The main floor features a bright, spacious layout with a welcoming front entry, large pantry, updated kitchen with island, generous living room, main floor laundry, 4 piece bathroom, and two oversized bedrooms. Every detail has been thoughtfully updated including flooring, paint, trim, bathrooms, kitchens, windows (2016), shingles, insulation, gyproc, doors, high energy efficient furnace and more. The lower level hosts a completely self contained 2 bedroom suite with its own entrance, front deck, laundry, and two electrified parking stalls, perfect for extended family, guests, or rental income. The suite offers a full kitchen and dining area with stylish cabinetry, cozy living room, 4 piece bathroom, and separate utility room. Outside, enjoy the peaceful acreage setting with mature trees, open pasture, and a barn equipped with water, power, and its own well for livestock. Whether you are looking for hobby farming, multi generational living, or simply more space and privacy, this property checks all the boxes. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 10 × 8 feet | |
| Bedroom | 9.1 × 11.4 feet | |
| Bedroom | 10.4b | |
| Living room | 9.5 × 11.4 feet | |
| 4pc Bathroom | 10.4 × 9.11 feet | |
| Laundry room | 5 × 3 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Storage | 9 × 12.7 feet | |
| Living room | 14.11 × 12.1 feet | |
| Kitchen | 12.5 × 11 feet | |
| Other | 3.1 × 7.11 feet | |
| Bedroom | 12.8 × 12 feet | |
| Bedroom | 13 × 12 feet | |
| 4pc Bathroom | 6 × 8.8 feet | |
| Laundry room | 3.5 × 2.6 feet | |
| Foyer | 3.6 × 8.1 feet |
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
-6.81%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,026
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.
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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.
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 May 19, 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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