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$375,000

TWP RD 622 & RR 213

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Year

About this home

This exceptional 149.61-acre agriculturally zoned parcel in rural Thorhild County offers a prime opportunity for both farmers and investors. Located at the corner of Township Road 622 and Range Road 213, the property sits just 3 km north of Highway 661, providing convenient year-round access. Thorhild County is strategically positioned along Highway 63, offering direct connectivity to Fort McMurray, the Athabasca oil sands region, and other major economic hubs. The CN railway corridor also runs through Thorhild, enhancing access to major markets and supporting long-term growth potential. Approximately 75 acres of the land are cultivated, with the balance beautifully treed, offering a blend of productive farmland and natural cover. The area is known for excellent farming conditions, particularly for pulse crops, making this parcel well suited for expanding agricultural operations. Zoning regulations allow for the potential construction of two residences, adding versatility for multi-family living or farm-related housing. The property also benefits from a very low agricultural tax rate, helping to keep long-term carrying costs manageable. With its size, location, and strong agricultural characteristics, this parcel represents an affordable way to expand a land base or diversify a property portfolio. Investors will appreciate the region’s infrastructure and market access, while producers will value the productive soils and farming potential. Whether for operational use or long-term holding, this land offers exceptional value in a growing rural region. (id:65958)

Subtype
Vacant Land
Lot size
149.61 acres
MLS#
A2273631
Area
RURAL_THORHILD_COUNTY
Negative cash flow ~$281/mo at these assumptions

Cash on cash

-4.50%

Cap rate

4.99%

GRM

13.0

Break-even rent

$2,696

Financing

Down payment$75,000
Loan amount$300,000
Mortgage$1,840/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$172
Insurance$80
Maintenance$313
CapEx reserve$156
Vacancy loss$120

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.

Mortgage estimate

Estimated $1,840/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 15, 2026.

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