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421 RAILWAY
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One Full Acre Lot For Sale. R-1 Resdiential Zoning. 110FT X 400 Ft. Build Your Large Dream Home And Enjoy Country Style Living In The Peaceful Hamlet Of Cheadle, Alberta, T1p 0X8. Only Minutes East Of Calgary And Chestermere. Large 43560 Sqft South Walkout Lot ON A Quiet Paved Street. 33.7 Meter Frontage. 121 Meter Depth. Very Little Traffic. Drilled Water Well ON Rear Of Property. Electricity And Gas At Property Line. Lot Has Been Partially Excavated And Soil Removed. Needs Filling With Compactable Soil. Lots Of New Construction In Area With New Dehaviland Manufacturing And Airfield, So Proper Natural Fill Should Be Easily Available At Minimal Cost. Permitted Use For Residential Home / Accessory Res Building / Manufactured Home / Detached Dwelling / ETC. No Building Commitment. Only 20 Mins East From Calgary, Trans Canada East, Past Chestermere To Hiway 24 South. Turn South Go 3KM To Cheadle And Turn Right Onto Old Railway Avenue. 421 Railway Avenue Cheadle Alberta T1p0x8 (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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 20, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.