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42082 Range Road 274
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Beds
6
Baths
4 full + 1 half
Sqft
2,376
Year
1987
Type
Single Family
On market
233d
Experience the pinnacle of Alberta country living on this rare 10-acre estate, perfectly designed for a bustling family and discerning investor alike. Situated in the serene area near Hill Spring, just an hour southwest of Lethbridge, AB, this property is your gateway to endless outdoor adventure—from the trails and lakes of Waterton National Park to the slopes of Castle Mountain Resort. This is not just a home; it's a complete, self-contained legacy property offering everything you could possibly want in a residential acreage.The main home is built for connection and comfort, where open-concept design connects the living and dining spaces, setting the stage for memorable family moments. The spacious main floor hosts two bedrooms, three bathrooms, and a flexible laundry room that can easily convert to a third bedroom or office. With a walk out deck that looks at mountains and farm fields where you get privacy and purpose. The fully finished basement adds significant living space, ensuring room to play, deep discussions, and relaxation. room for everyone.Beyond the main residence, you will find out this property is truly exceptional: a tranquil creek meanders through the 10 acres, creating a picturesque backdrop to your backyard pool and cozy creekside fire-pit. Practicality is covered by a massive barn and a functional quonset. Best of all, a secondary dwelling currently provides a reliable rental income stream, solidifying this as the all-in-one property where dreams meet financial sense. Schedule your viewing and embrace the complete acreage lifestyle. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.83 Ft x 16.08 Ft | |
| Kitchen | 9.33 Ft x 11.92 Ft | |
| Living room | 15.00 Ft x 30.00 Ft | |
| 3pc Bathroom | 8.67 Ft x 10.33 Ft | |
| Bedroom | 12.00 Ft x 15.92 Ft | |
| Bedroom | 10.00 Ft x 14.17 Ft | |
| Bedroom | 12.42 Ft x 16.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.25 Ft x 7.58 Ft | |
| Primary Bedroom | 12.67 Ft x 14.83 Ft | |
| Bedroom | 10.50 Ft x 13.25 Ft | |
| 4pc Bathroom | 5.08 Ft x 11.67 Ft | |
| Living room | 14.67 Ft x 12.75 Ft | |
| Living room | 14.92 Ft x 23.83 Ft | |
| Living room | 10.42 Ft x 12.92 Ft | |
| Other | 20.75 Ft x 12.75 Ft | |
| 2pc Bathroom | 4.00 Ft x 7.75 Ft | |
| Laundry room | 8.83 Ft x 9.17 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
-6.44%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,969
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 8, 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 Hill Spring. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.