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Reduced $10,000 (4%) from $264,900
3, 5228 Highway 579
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Beds
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Sqft
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Year
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Type
Vacant Land
On market
132d
PRICE IMPROVEMENT! Build your dream home in beautiful Water Valley on this 1.86 acre gem—the last lot in the subdivision—with paved access, a brand new well, and a gentle slope perfect for a walkout. The land is beautifully treed with aspen and poplar, and the west views look out over an expansive treed landscape that never gets old. Location is hard to beat: about 35 minutes NW of Cochrane, under an hour to Calgary International Airport, and only 15 minutes to Crown land when the outdoors are calling. And town life? Walking distance to the infamous Water Valley Saloon (stumbling distance if you choose), the new Whiskey Barrel outpost restaurant, the hardware store which has EVERYTHING you need, the community hall with nonstop events and a challenging pickleball league, the library for crafts or book club, and the ODR for winter fun.Great lot. Great community. Big-time Water Valley spirit. Love the idea of buying a lot and building YOUR DREAM but the idea seems overwhelming or out of reach? There are programs that can help you purchase the land, bring in an RTM and complete the services, and wrap it all into one package. Please reach out or have your agent reach out for more info. (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).
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Mountain View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.