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1-4, 320075 Range Road 240
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Rural Kneehill County · Single Family · under $450,000 · 6+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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A rare 4 Plex on 4 acres just minutes north of Three Hills, Alberta, this 4-acre country residential property offers an opportunity to own a four-plex on acreage within walking distance to downtown amenities, schools, and services. Originally built in 1947 and later converted to a four-unit dwelling, this property blends rural space with small-town convenience in a vibrant, growing community. It is priced below appraisal with repositioning potential. Use the extra land for added income such as RV storage, horse or livestock boarding. The building is configured as a four-plex consisting of two main-floor units, one upper-level unit, and one basement unit, each with its own unique layout and character. All units are currently rented on one-year leases, generating steady income, with the seller preferring to sell with tenants in place. Possession is flexible and may be fast, subject to tenancy.Utilities are combined for the building and currently included in rent, making this property attractive for buyers seeking a simplified management setup. Heating is provided by three natural gas furnaces, with town water supplied by Kneehill County, and a tank & open-discharge septic system that is regularly maintained and pumped annually. There are no active wells on the property.The property includes shared laundry facilities in the basement (1 washer & 1 dryer) (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 7.25 Ft x 8.83 Ft | |
| Recreational, Games room | 13.92 Ft x 23.08 Ft | |
| Kitchen | 13.92 Ft x 10.42 Ft | |
| Bedroom | 13.92 Ft x 13.08 Ft | |
| Den | 13.75 Ft x 6.67 Ft | |
| Bedroom | 14.67 Ft x 9.42 Ft | |
| 4pc Bathroom | 6.17 Ft x 14.25 Ft | |
| Laundry room | 8.75 Ft x 19.00 Ft | |
| Storage | 10.92 Ft x 22.58 Ft | |
| Furnace | 14.17 Ft x 17.08 Ft | |
| Storage | 14.17 Ft x 8.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15.75 Ft x 15.42 Ft | |
| Kitchen | 14.08 Ft x 7.58 Ft | |
| Dining room | 15.42 Ft x 6.92 Ft | |
| Den | 12.25 Ft x 7.58 Ft | |
| Bedroom | 13.67 Ft x 12.58 Ft | |
| Bedroom | 11.42 Ft x 15.58 Ft | |
| 4pc Bathroom | 7.33 Ft x 7.33 Ft | |
| Other | 14.83 Ft x 10.92 Ft | |
| Kitchen | 11.50 Ft x 14.50 Ft | |
| Living room | 13.00 Ft x 10.92 Ft | |
| Dining room | 13.00 Ft x 9.00 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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 27, 2026.
| Bedroom | 10.67 Ft x 11.25 Ft |
| Bedroom | 10.67 Ft x 10.83 Ft |
| Bedroom | 10.58 Ft x 10.83 Ft |
| 4pc Bathroom | 8.00 Ft x 6.58 Ft |
| Recreational, Games room | 19.92 Ft x 14.50 Ft |
| Den | 9.33 Ft x 7.75 Ft |
| Kitchen | 13.00 Ft x 9.00 Ft |
| 3pc Bathroom | 5.00 Ft x 8.67 Ft |
| Storage | 7.92 Ft x 10.75 Ft |
| Storage | 13.33 Ft x 10.58 Ft |
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.