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38551 Range Road 21
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Beds
5
Baths
3
Sqft
—
Year
—
Type
Agriculture
On market
286d
Experience your own private paradise on 80 acres in the sought-after Sylvan Lake area. This exceptional estate features a main residence, an approved secondary residence, and a charming guest garden suite offering unparalleled privacy and versatility. Ideally situated just five minutes from Sylvan Lake and twenty minutes from Red Deer, this property is one of the region’s most captivating havens.The main home is constructed with ICF walls, concrete floor joists, and in-floor hot water heating on both levels. Designed for comfort and accessibility, it boasts an elevator and an open-concept layout flooded with natural light. The residence includes five spacious bedrooms, three bathrooms, two kitchens with a walk-in pantry and granite countertops, a sunroom, a generous main-floor laundry with sink and closet, and a walkout basement leading to a southwest-facing patio. Additional features include a double-attached garage for convenience and security.Outdoor living is elevated with a covered deck overlooking picturesque grain fields and forests, a water fountain, a private gazebo with surround sound and fire pit, and a 12’x50’ greenhouse with ICF frost wall for organic growing. The estate is also home to the R FAMILY CHRISTMAS TREE FARM, which includes a 2019 office with forced air heat, 220V power, and modern amenities. The farm boasts an ice-skating rink, picnic shelter, and 14 acres of Christmas trees—approximately 400 sold in 2023.Additional income opportunities abound: a fully upgraded 1976 mobile home rents for $1,500/month plus utilities; a 2017 60’x120’ warehouse, divided into two finished 60’x60’ bays with in-floor heating, 220V power, two three-piece baths, and mezzanines, rents for $2,800/month per bay plus utilities and GST. There are also 43 acres of cropland leased on a share basis.Support buildings include a 1992 60’x60’ shop with two finished bays (in-floor heating on one side, roughed-in on the other), 220V power, a two-piece bathroom, laundry, and a heated mezzanine “man cave.” A 1986 24’x26’ attached garage is fully finished with forced air heat. Multiple storage sheds are available, including a pet-friendly unit with in-floor heat, running water, and power. Solar power installation at the main building site will be installed in fall 2025.Enjoy year-round recreation with convenient lake access for swimming, boating, water skiing, ice fishing, snowmobiling, and cross-country skiing—all while remaining close to local amenities. This extraordinary estate offers unmatched beauty, versatility, and potential. Book your private tour today to experience everything this remarkable property has to offer. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 37.83 Ft x 40.17 Ft | |
| Kitchen | 9.17 Ft x 16.00 Ft | |
| Bedroom | 10.08 Ft x 11.83 Ft | |
| Bedroom | 9.83 Ft x 11.75 Ft | |
| 4pc Bathroom | 5.58 Ft x 9.50 Ft | |
| Furnace | 9.67 Ft x 18.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 5.83 Ft x 12.00 Ft | |
| Living room | 15.08 Ft x 17.58 Ft | |
| Dining room | 9.83 Ft x 17.58 Ft | |
| Kitchen | 12.50 Ft x 17.50 Ft | |
| Primary Bedroom | 10.17 Ft x 18.67 Ft | |
| 5pc Bathroom | 12.92 Ft x 18.00 Ft | |
| Bedroom | 10.08 Ft x 11.67 Ft | |
| Bedroom | 10.08 Ft x 11.67 Ft | |
| 4pc Bathroom | 5.50 Ft x 9.33 Ft | |
| Laundry room | 6.75 Ft x 8.67 Ft | |
| Other | 6.58 Ft x 10.42 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
-0.49%
Cap rate
4.77%
GRM
13.9
Break-even rent
$25,254
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.
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.