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
0d
Prime residential land on Highway 12 on the south east side of the growing City of Lacombe suitable for development to build new homes. Lacombe, Alberta, located just north of Red Deer, is a charming city known for its rich agricultural heritage, well-preserved Edwardian architecture, and vibrant small-town charm. Finish the development and sell the lots or if you ambitious develop and build out yourself. Subdivision Potential Located on South East end of Lacombe. A natural extension to existing residential subdivision Metcalf Ridge. 16 duplex lots are slotted for phase 1 and only need shallow services to be shovel ready (and of course appropriate approvals from the City of Lacombe). Water, sewer and road are already in place). Phase two is roughly 8 acres and has a mixture of townhouse, duplex and single-family lots envisioned with an additional 18 Single family lots, 12 townhouse lots, and 8 more duplex lots. But it is not cast in stone. You have the option to redesign how and what type of lot configuration or density you want. A large part of the heavy lifting has been done, engineering, Traffic Impact Assessment (TIA), surveying, outline planning, decision letter from the subdivision authorities. (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
-6.58%
Cap rate
3.55%
GRM
16.7
Break-even rent
$5,846
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 Jun 10, 2026.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lacombe. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.