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2054 Township Road 342 Township
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Set on 158.97 breathtaking acres just short drive west of QE2 near Bowden, this remarkably versatile farm offers the kind of country lifestyle most people only dream about — where highly productive land, peaceful privacy, outdoor adventure, and potential multi-generational living all come together in one extraordinary property.Surrounded by sweeping hay fields, mature trees, and a picturesque ravine winding through the landscape, this property changes with every season and invites you to slow down and truly enjoy rural Alberta living. Ride horseback, or explore the treed ravine, & open trails by dirt bike or quad, hunt, hike, garden, raise livestock, or simply enjoy the quiet beauty of nature right outside your back door.The stunning mature yards site truly sits at heart of the property w/ approx. 105 ac. of hay/crop & 40 ac. of pasture. Rail fence lined driveway leads to the 2003-built ranch style home on fully developed basement offering nearly 3,300 sq. ft. of comfortable living space. With a welcoming front porch, 5 bedrooms, 4 bathrooms, & a double attached garage, the home was built with family comfort & functionality in mind — offering generous gathering spaces, room to grow, and panoramic country views from nearly every window.Adding even more warmth & character to the property is the charming second residence, originally built in 1936 and thoughtfully updated over the years. Rich with history & timeless appeal, this inviting home blends vintage charm w/ modern comfort, making it ideal for extended family, guests, farm help, Airbnb potential, or supplemental rental income.For the horse enthusiast, livestock producer, or hobby farmer, the infrastructure is already in place. Outbuildings including barns, workshops, open face shelter, grain storage bins, & other functional outbuildings support a wide variety of agricultural uses, including the insulated & heated horse/calving barn with concrete tack area & stall area, interior water hydrant, rubber mat ted stalls, dirt floor loafing area, outdoor steel livestock pens, & three automatic livestock waterers for year-round convenience. The impressive 80' x 100' indoor riding arena with ideal sand footing creates exceptional flexibility — continue operating it as an equestrian facility, or easily adapt the space into a substantial shop, hay shed, calving/production sale barn, machine storage building, or multi-purpose agricultural structure to suit your vision.Perfectly positioned only 10 minutes from Bowden, 15 minutes from Olds, & approx. 1 hour from YYC, this property offers the rare balance of peaceful country seclusion with convenient access to schools, shopping, services, community amenities, and world wide travel access.Whether your dream is to build a thriving farm operation, raise horses or purebred livestock, create a multi-family country retreat, or simply live a quieter & more meaningful rural lifestyle, this one-of-a-kind property delivers endless opportunity in an unforgettable setting. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.67 Ft | |
| Bedroom | 13.17 Ft x 13.75 Ft | |
| Bedroom | 14.50 Ft x 13.08 Ft | |
| Bedroom | 14.50 Ft x 10.33 Ft | |
| Recreational, Games room | 27.33 Ft x 8.08 Ft | |
| Recreational, Games room | 24.92 Ft x 27.08 Ft | |
| Storage | 5.42 Ft x 9.83 Ft | |
| Furnace | 10.33 Ft x 14.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.75 Ft x 4.08 Ft | |
| 3pc Bathroom | 7.00 Ft x 6.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.17 Ft | |
| Bedroom | 13.33 Ft x 12.33 Ft | |
| Dining room | 12.33 Ft x 21.00 Ft | |
| Kitchen | 10.58 Ft x 19.00 Ft | |
| Laundry room | 8.00 Ft x 10.92 Ft | |
| Living room | 18.08 Ft x 16.92 Ft | |
| Other | 18.00 Ft x 10.92 Ft | |
| Primary Bedroom | 13.67 Ft x 15.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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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).
Cash on cash
-6.21%
Cap rate
3.62%
GRM
16.7
Break-even rent
$20,093
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.
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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 Jun 13, 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.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.