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Investment signal

$550,000

2134 22 Street

Beds

Baths

Sqft

Year

Location

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About this home

Prime 3.16-acre development opportunity in a highly desirable location in Didsbury. Ideally situated directly across from both a middle school and elementary school, this property offers exceptional potential for residential development, including multi-family housing.Currently zoned Institutional, the Town of Didsbury has expressed a willingness to rezone the property to residential to accommodate a variety of development concepts, making this a flexible and attractive option for builders and investors alike.Surrounded by established amenities, this site is just minutes from a local museum, golf course, and other community features, enhancing its appeal for future residential use. The location provides strong fundamentals for long-term growth, with demand for housing in the area continuing to rise.With its strategic positioning, generous size, and rezoning potential, this property presents a rare opportunity to secure a high-potential parcel in a growing community.An excellent opportunity for developers, investors, or builders looking to capitalize on a well-located land holding with strong upside. (id:65958)

Subtype
Vacant Land
Common interest
Freehold
Lot size
3.16 acres
Lot dimensions
3.16
On market
Apr 16, 2026
Status changed
Apr 16, 2026
Annual tax
$11,688 (2025)
Zoning
IS
Photos
12
MLS#
A2302411
Area
DIDSBURY

Features and systems

Community

Golf Course Development
Negative cash flow ~$1,106/mo at these assumptions

Cash on cash

-12.07%

Cap rate

3.48%

GRM

16.7

Break-even rent

$3,915

Financing

Down payment$110,000
Loan amount$440,000
Mortgage$2,699/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252
Insurance$80
Maintenance$458
CapEx reserve$229
Vacancy loss$138

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Didsbury. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,699/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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