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252117 Range Road 281
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Rural Rocky View County · Single Family · under $2,700,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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An exceptional opportunity to acquire approximately 40 acres of strategically located land within the Conrich area. The property includes a well-maintained residence and offers immediate residential use, rental income potential, or a country living lifestyle while benefiting from significant long-term land value upside. Also located on the property is a 4000 square foot Quonset that can be utilized for storage or a shop. This shop includes 220 volt electricity with hookups for both water and gas. Positioned within the approved Conrich Area Structure Plan (ASP), the lands are designated for future industrial development, placing this property within a highly sought-after growth area immediately east of Calgary. As industrial expansion continues throughout the region, opportunities to secure large land holdings with future development potential are becoming increasingly limited.The property’s location provides excellent access to major transportation routes, including Highway 1, Stoney Trail, and the Calgary logistics corridor. Nearby industrial growth, infrastructure investment, and ongoing commercial development continue to strengthen the area’s long-term outlook.Whether you are an investor, developer, land banker, or purchaser seeking a strategic real estate holding, this property offers a unique combination of current residential utility and future industrial potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.08 Ft x 8.25 Ft | |
| Bedroom | 15.50 Ft x 12.00 Ft | |
| Bedroom | 9.42 Ft x 12.75 Ft | |
| Recreational, Games room | 23.92 Ft x 23.83 Ft | |
| Furnace | 15.08 Ft x 5.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.17 Ft x 4.92 Ft | |
| 4pc Bathroom | 8.00 Ft x 9.42 Ft | |
| Bedroom | 12.50 Ft x 9.50 Ft | |
| Bedroom | 9.00 Ft x 9.50 Ft | |
| Dining room | 7.17 Ft x 12.58 Ft | |
| Kitchen | 12.50 Ft x 12.58 Ft | |
| Laundry room | 9.00 Ft x 7.00 Ft | |
| Living room | 23.67 Ft x 12.33 Ft | |
| Primary Bedroom | 10.42 Ft x 13.00 Ft |
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
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,247
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 29, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.