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#490 48057 RGE RD 272
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Rural Leduc County · Single Family · under $425,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to Enchantment Valley at beautiful Wizard Lake—where lake life is just 45 minutes from Edmonton! Nestled on a spacious, treed lot, this rustic cabin enjoys an exceptional location directly in front of the lake. With no road between the property and the shoreline, you'll love the peaceful setting and easy access to the water. A few mature trees at the front of the property provide privacy, then the landscape opens to a gently sloping grassy hill leading toward the lake, creating beautiful views and an incredible sense of space. Just steps away you'll find the sandy beach, volleyball court, and expansive green space perfect for family games, picnics, and making lifelong memories. The cozy cabin features a wood-burning stove and is ready for your vision. Whether you choose to enjoy it as a charming getaway or renovate it into your dream lake retreat, the possibilities are endless. This is your opportunity to own a special piece of Wizard Lake and create memories that will last for generations. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | — | |
| Kitchen | — | |
| Primary Bedroom | — | |
| Bedroom 2 | — |
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 Jul 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.