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Investment signal

$49,500

A Highway 289

Beds

Baths

Sqft

Year

About this home

Nice and clean level lot last used as pasture for grazing and riding now available. Lots of room for a single-family home, duplex, or even for subdividing into two roomy building lots; or use it as your own hayfield, horse run or pasture land. Less than 15-minutes to Hwy 102 makes it an ideal spot for rural living with easy access to the fast lane. Put in a driveway and you could have your new home built before school starts, or your manufactured home placed there before summer! (id:65958)

Subtype
Vacant Land
Lot size
2.5 acres
MLS#
202606612
Area
MIDDLE_STEWIACKE
Positive cash flow ~$1,872/mo at these assumptions

Cash on cash

226.97%

Cap rate

51.28%

GRM

1.7

Break-even rent

$429

Financing

Down payment$9,900
Loan amount$39,600
Mortgage$243/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$23
Insurance$80
Maintenance$41
CapEx reserve$21
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 $243/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 19, 2026.

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