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390039 Range Road 54
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PRIME CENTRAL ALBERTA HWY FRONTAGEExceptional 25,000 sqft. (100x250x20ft) Insulated, heated STEEL Engineered Equestrian & Event facility. Situated on a 138.6 Acres & wonderfully located on paved Highway 11, just 32 mins W of Red Deer, AB & Hwy 2. Fully operational property, perfectly diverse for commercial activities, it enjoys a Heated Viewing lounge w Kitchen, 2 accessible Bthrms. The 34x100ft upper Mezzanine with roughed-in plumbing for 6 Bthrm /2 Showers & Natural Gas for a Kitchen, ready for completion. Just built in 2022, the Heated Barn 36x84x14ft (with full length 14 ft Lean-too) features 12 stalls, all w Auto waterers. Don't worry about sourcing hay! You can produce your OWN HAY on a productive S sloping 105 Acres and store it out of the weather in the 40x80x16ft Hay Shed, it was also just built in 2022. Steel pipe paddocks--fenced & cross-fenced, 2 water wells, 2 septic systems add to the value. Live the dream, enjoy the lifestyle & generate income with this well-established business! WANT to build your DREAM HOME? The 2013 1,520 sq. ft. 4-Bdrm, 2-Bthrm modular, can be removed to adjust the sale price. With ongoing developments in this area, this property is a robust investment opportunity expecting significant growth potential, for equestrian enthusiasts or anyone looking to capitalize on its strong location, quality buildings & income potential— all below market & replacement value! This is an asset sale of Land and Buildings only. Horse equipment may be available for purchase separately. (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
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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
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$14,634
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.
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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 15, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.