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430006 Range Road 232
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Rural Ponoka County · Single Family · under $525,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Affordable acreage on 20.65 acres with an attached garage in a fantastic Central Alberta location! Situated just east of Ponoka on Highway 53, this property offers the perfect opportunity to enjoy country living. The bungalow features three bedrooms, hardwood flooring, a functional country kitchen, and a comfortable living room with patio doors leading to the deck, where you can relax and take in the peaceful views of the yard. The attached 26' x 28' garage provides plenty of space for parking, storage, or projects. The 20.65-acre parcel offers an excellent mix of open space and mature trees, complete with walking trails to explore and enjoy. Approximately 6 acres are currently in crop, providing rental income potential or the opportunity to establish a hobby farm, or additional pasture. A unique bonus is the charming rustic cabin tucked away on the property. With some TLC, it could become your own private retreat, highlighted by its beautiful stone fireplace and secluded setting. Can be purchased with adjacent 22 additional acres, see MLS #A2327033. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.00 Ft x 12.00 Ft | |
| Kitchen | 14.00 Ft x 12.00 Ft | |
| Primary Bedroom | 11.00 Ft x 11.67 Ft | |
| Bedroom | 10.17 Ft x 9.00 Ft | |
| Bedroom | 10.17 Ft x 10.25 Ft | |
| Storage | — | |
| 4pc Bathroom | — | |
| Other | 7.00 Ft x 9.00 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
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Suite legality / potential
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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
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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
-7.06%
Cap rate
3.45%
GRM
16.7
Break-even rent
$3,026
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 Jul 8, 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.
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