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36258 Range Road 275
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Beds
5
Baths
4 full + 1 half
Sqft
1,634
Year
1992
Type
Single Family
On market
34d
What’s better than one house on a property? Two houses AND two double garages! All located on 29.44 acres in a prime location! Enjoy easy access to Highway 2, Innisfail, and Penhold, or an easy, short drive to the south end of Red Deer making commutes for work easy! House #1 is a 3-level split offering just over 1,600 sq. ft. above grade with a very unique layout. The grade-level entry opens to a bright living room and a convenient 2-piece powder room-perfect for washing up after working outdoors. A few steps up you’ll find the kitchen, dining, and sitting area with newer vinyl plank flooring and lots of cabinet space. Another short staircase leads to three generous bedrooms, including the primary, and a 4-piece bath. The undeveloped basement provides plenty of storage or the opportunity to create your own design that meets your needs. A double attached garage completes this package. House #2 is a recently renovated 3 bedroom bungalow (with the possibility of a 4th) featuring so many upgrades! New vinyl windows, vinyl plank flooring, both 4-piece bathrooms updated, fresh paint, new basement flooring, PEX plumbing, a new electrical panel, siding, shingles and more! The oversized double detached garage is heated and has its own electrical panel. The property also includes a barn with three tie stalls and three (possibly four) regular stalls, and a well at the barn for watering livestock. New post-and-rail fencing lines the access side of the property, and each homes’ private lane way has views of the rolling fields that are simply beautiful. This rare setup offers endless possibilities; rental income, hobby farming- all in an unbeatable location! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.67 Ft x 4.75 Ft | |
| Family room | 16.17 Ft x 18.25 Ft | |
| Laundry room | 10.25 Ft x 7.33 Ft | |
| Storage | 22.83 Ft x 22.00 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.33 Ft x 7.92 Ft | |
| Den | 8.75 Ft x 11.75 Ft | |
| Laundry room | 13.83 Ft x 11.75 Ft | |
| Recreational, Games room | 36.00 Ft x 21.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 10.25 Ft x 11.00 Ft | |
| Kitchen | 10.25 Ft x 11.42 Ft | |
| Living room | 12.58 Ft x 22.00 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.42 Ft | |
| Bedroom | 10.50 Ft x 10.83 Ft | |
| Dining room | 10.08 Ft x 8.42 Ft | |
| Kitchen | 10.08 Ft x 12.17 Ft | |
| Living room | 19.58 Ft x 12.58 Ft | |
| Primary Bedroom | 13.17 Ft x 11.33 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.17 Ft x 4.92 Ft | |
| Bedroom | 14.17 Ft x 8.92 Ft | |
| Bedroom | 10.08 Ft x 9.42 Ft | |
| Primary Bedroom | 10.25 Ft x 13.33 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).
Cash on cash
-6.62%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,360
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Red Deer County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.