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Type
Vacant Land
On market
14d
An exceptional rail serviced industrial land opportunity strategically positioned in Penhold, Alberta. This 114-acre Site is situated 16 km south of Red Deer and equidistant between Calgary and Edmonton (roughly 140 kms from each). The Site is zoned I1 (Light Industrial) and I2 (Heavy Industrial), ready for immediate development. With approximately 92 developable acres, the Site has significant industrial potential with flexibility for phased growth or immediate large-scale operations. Key features include direct Highway 2A access, the CPR line abutting the eastern property boundary, and CN rail service potential. If residential development is desired, the Town of Penhold is open to an expedited land-use amendment process to support a comprehensively planned residential subdivision. Centrally located in the heart of Alberta’s economic corridor. Within a 150 km radius, you can reach Edmonton’s industrial and energy sector, Calgary’s corporate headquarters and distribution networks, and Red Deer’s regional commercial base. Full municipal services are available for tie-in, featuring an abundant water supply and power. Rare opportunity featuring CP Rail Infrastructure on site with CN Rail service potential. Ideal for bulk shipping, heavy industrial, and logistics-intensive businesses. Located approximately 3 km south of Red Deer Regional airport, ~120 km north of Calgary International Airport, and ~140 km south of Edmonton International Airport. (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).
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 May 26, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Penhold. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.