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52 DIAMOND VALLEY Close
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Carbon · Vacant Land · under $50,000. Alerts only send when there are new or meaningfully updated matching homes.
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HOME SWEET HOME! An incredible opportunity awaits to own an AFFORDABLE AND RARE PLOT OF LAND in the charming Village of Carbon's desirable Diamond Valley subdivision. Whether you're a builder, investor, or dreaming of creating your perfect home, this rare lot offers endless potential. Build your dream home from the ground up or choose to construct a thoughtfully designed single-story home by Green Castle Environmental, tailored to meet the needs of seniors and small families seeking a peaceful, accessible lifestyle. Located in the scenic Knee Hills Creek Valley, the Village of Carbon fondly known as the "Village in the Valley"—offers the perfect balance of small-town charm and everyday convenience. Enjoy a welcoming community with a rich history, beautiful natural surroundings, and an impressive selection of local amenities. Residents have access to a K-9 school, outdoor swimming pool, museum, art gallery, curling rink, restaurants, grocery and liquor store, 24-hour gas station, fire department, public library, community hall, post office, car wash, U-Haul dealer, bank, lounge, campgrounds, ball diamonds, basketball and tennis courts, scenic walking trails, and much more. Conveniently situated approximately 50 minutes to Airdrie and 27 minutes to Drumheller, you'll enjoy easy access to major shopping, dining, and essential services while embracing the tranquility of small-town living. Whether you're planning your forever home, a retirement retreat, or your next investment property, this spacious lot provides the perfect canvas to bring your vision to life. The property requires a minimum home size of 900 SQ.FT., with municipal water, sewer, power, and natural gas available at the lot line. Mobile and RTM homes may be considered at the discretion of the Municipal Planning Commission. Don't miss this exceptional opportunity to build your future in one of Alberta's welcoming rural communities. Call today for more information! Please Note that the builder has additiona l lots as well as a future spec home available for purchase. (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
454.32%
Cap rate
95.73%
GRM
0.9
Break-even rent
$248
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.
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 7, 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.