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Rural Parkland County · Vacant Land · under $225,000. Alerts only send when there are new or meaningfully updated matching homes.
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Discover your own personal paradise at Rich's Point at Lake Wabamun. Just a short 40-minute drive West of Edmonton, this exceptional lot is ideally situated one row back from the waterfront. Located a short distance from a public boat launch and a charming day-use beach area, as well as being behind the Wabamun Sailing Club, this property combines convenience with tranquility. Ready for your dream lake home or cabin? The lot is equipped with 100-amp power service awaiting development. For added convenience, there are two RV plugins, a gravel parking pad, a 12'x12' shed, an outhouse and a 1250-gallon fresh water cistern. The property offers a peaceful retreat while remaining close to the vibrant Village of Wabamun, only 4 km away, where you’ll find a variety of amenities, a public beach, park and spray park and marina facilities. Don’t miss this rare opportunity to own a piece of lakeside serenity with all the essentials already in place—perfect for relaxation, recreation and making lasting memories. (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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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).
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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.
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 Apr 29, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.