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Investment signal

$2,499,999

264201 Range Road 12 SW

Beds

3

Baths

4.1

Sqft

Year

1985

Location

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About this home

Excellent investment 4.64 Acres located in the fast growing city of Airdrie. Property is designated residential in an approved Community Area Structure Plan (CASP). The city wants multi family on the property with potential TOWNHOMES , APARTMENTS or possible MIXED USE. Close proximity to future High School and Rec Center to be constructed east of the property on Mattamy owned lands. House has an office on Main as well den and porch room ( not included in the main floor area measurement) not heated. Basement fully developed with 2 BR's 3 piece bath storage and large open lounging area with bar. Qualico currently adjacent to the property with Mattamy directly east on 24 St. currently being rough graded. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Common interest
Freehold
Living area
2,124 square feet
Lot size
4.64 acres
Lot dimensions
4.64
Bedrooms
2 above grade, 1 below grade
Parking
6 total
Stories
1
Fireplace
1
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$5,135 (2025)
Zoning
RR-4
Photos
5
MLS#
A2302739
Area
AIRDRIE

Features and systems

Parking

Attached Garage

Basement

FinishedFull

Appliances

RefrigeratorCooktop - ElectricDishwasherOvenMicrowaveWasher & Dryer

Heating

Forced airNatural gas

Cooling

None

Exterior

Wood siding

Flooring

TileHardwood

Foundation

Poured Concrete

Lot

See remarks
Negative cash flow ~$4,746/mo at these assumptions

Cash on cash

-11.39%

Cap rate

3.61%

GRM

16.7

Break-even rent

$17,495

Financing

Down payment$500,000
Loan amount$1,999,999
Mortgage$12,270/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,146
Insurance$80
Maintenance$2,083
CapEx reserve$1,042
Vacancy loss$625

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 Airdrie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $12,270/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 17, 2026.

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