We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
—
Baths
—
Sqft
—
Year
—
Type
Vacant Land
On market
14d
Prime R-4 Development Opportunity – High Visibility Commercial/Residential SiteExceptional investment opportunity on a 0.70-acre parcel zoned R-4 Multi-Residential, offering outstanding flexibility for developers and entrepreneurs alike. This high-exposure property is ideally positioned in a busy, high-traffic area with excellent visibility and strong potential for multiple revenue streams.Development & Business PotentialBuild an apartment complex or row housing developmentExcellent location for an RV & boat storage facilityIdeal site for a self-storage businessStrong potential for a pop-up market or retail concept with over 200 nearby residential suites within walking distanceOpportunity for additional signage/advertising revenue thanks to excellent roadside exposureProperty Highlights0.70 acresZoned R-4 Multi-ResidentialHigh vehicle traffic countExcellent visibility and accessMultiple permitted and potential commercial-style usesSurrounded by established residential densityWhether you’re looking to develop multi-family housing, create a storage-based business, or capitalize on the property’s visibility and traffic flow, this parcel offers exceptional upside and versatility.Great location. Strong exposure. Endless potential. (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
54.02%
Cap rate
15.67%
GRM
5.2
Break-even rent
$988
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 May 26, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Whitecourt. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.