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Faust · Vacant Land · under $50,000. Alerts only send when there are new or meaningfully updated matching homes.
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LESSER SLAVE LAKE is renowned for its amazing BOATING and FISHING!! This lot (50' x 160') is ready for your development, has municipal water/sewer/power to lot line and has already been cleared. Need more space..? THE LOT directly WEST is also FOR SALE (E4479635). This incredible 0.22 acre lot on POPLAR ST (adjoining MARINA WAY) is waiting for YOU! Located in the friendly community of Faust, AB, on the South Shores of Lesser Slave Lake, approximately halfway between the major centres of Slave Lake and High Prairie, and at the centre of one of Alberta's most popular recreational areas! MARINA WAY on POPLAR ST is a premium subdivision with easy access just off HIGHWAY 2 and only a minute from the MARINA and lakeshore/community amenities. The approach to the Lot is from 5 Ave, not from the Marina Way cul de sac, allowing more space for parking etc. (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
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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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).
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 2, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.