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51305 RGE ROAD 271
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Rural Parkland County · Single Family · under $1,425,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This amazing 71.82 acres property located on RR271 (PIONEER ROAD) between GARDEN VALLEY ROAD (HWY627) and GRAMINIA ROAD (TWP.511) in Parkland County. COUNTRY RESIDENTIAL ZONING, it is located in the thick of dozens of existing country residential subdivisions. This property can also be subdivided into a COUNTRY RESIDENTIAL SUBDIVISION with COUNTY approvals. This excellent property has two-storey home which sits on front portion of these lands closer to RR 271. 4+1 beds, main floor Laundry, gas fireplace, spacious kitchen, partially finished basement double attached garage. Upgrades in the last some time includes NEW SHINGLES in 2023, NEW FLOORING and NEW PAINT in 2022, HOT WATER tank was replaced about 7 years ago. Great investment property to develop and in the meantime to enjoy your country living. It offers quick and easy access to Edmonton International Airport via paved RR 271, Garden Valley Road Graminia Road and Hwy 60 - are all paved roads. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 4.56 × 5.07 meters | |
| Dining room | 4.04 × 2.6 meters | |
| Kitchen | 4.14 × 2.89 meters | |
| Den | 3.03 × 2.93 meters | |
| Laundry room | 1.44 × 2.44 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 4.27 × 3.69 meters | |
| Bedroom 2 | 3.37 × 2.98 meters | |
| Bedroom 3 | 3.14 × 2.76 meters | |
| Bedroom 4 | 3.04 × 2.72 meters |
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
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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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 22, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.