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Type
Vacant Land
On market
113d
Prime 70.85 Acre Development Opportunity in Brooks. Seize this exceptional opportunity to develop 2 parcels totaling 70.85 acres of prime commercial, residential and multi-family land, strategically located on the south side of Highway 1 in the vibrant City of Brooks. Boasting Direct Control (DC) zoning, this property offers unparalleled flexibility, allowing for a wide variety of residential and commercial uses with a new Southeast Area Structure Plan now in place within the City of Brooks. Whether you envision a thriving mixed use community, commercial hub, or diverse residential development, these parcels are poised to accommodate your vision.Ideally situated near key amenities, including the Francophone School École Le Ruisseau, Medicine Hat College (Brooks Campus), and the established Meadowbrook residential neighborhood, this property is primed for growth. With its close proximity to Highway 1, it offers excellent visibility and accessibility, making it an attractive option for developers and investors.The surrounding area is experiencing new growth, presenting a strong market for both residential and commercial developments. Residential opportunities include single family homes, multi-family complexes, or a combination of both to cater to the needs of this thriving community. Additionally, the potential for commercial development ensures the creation of a well rounded and sustainable space.City of Brooks sewer lines run through this parcel.Explore the flexibility of Direct Control zoning and review the land-use bylaw and Southeast Area Structure Plan available in the supplement section of the listing for more details. Don’t miss out on this rare chance to shape the future of Brooks in a prime and expanding location! (id:65958)
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).
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$17,273
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 7, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brooks. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.