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Rural Mountain View County · Agriculture · under $1,425,000. Alerts only send when there are new or meaningfully updated matching homes.
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Looking for the hobby farm that has it all? This exceptional 40-acre property just east of Carstairs offers an extensively renovated 3,073 sq. ft. country bungalow, outstanding equestrian facilities, and everything needed for a turnkey rural lifestyle.The beautifully updated home features three spacious living/family rooms, a stunning gourmet kitchen with a large island that's perfect for entertaining, a huge primary suite with a private ensuite, four additional bedrooms, and two more full bathrooms—offering plenty of room for family and guests.A second residence (mobile home) provides excellent flexibility as guest accommodations, farm help housing, additional storage, or potential rental income.The farm infrastructure is equally impressive, featuring a fully insulated and heated 48' x 125' indoor riding arena (converted from a two-storey chicken barn), a 33' x 100' stall barn with 12' x 12' box stalls and radiant heat, and a 30' x 48' heated shop complete with water service and radiant heat. A backup generator provides added peace of mind for the property's essential buildings.Surrounded by mature trees, the beautifully maintained yard offers privacy and the perfect setting for family gatherings. Additional features include a low-maintenance exterior, three wells, two automatic livestock waterers, a dugout, fenced and cross-fenced pastures, numerous animal shelters, and a meticulously maintained yard in an outstanding location.The land is primarily in pasture and is well suited for horses, cattle, or a variety of hobby farming pursuits. Whether you're looking for an equestrian property, a working farm, or the ultimate country lifestyle, this remarkable property offers endless possibilities. (id:65958)
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
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Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.44%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,969
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 Jul 5, 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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