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Claresholm · Vacant Land · under $300,000. Alerts only send when there are new or meaningfully updated matching homes.
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Bring your vision to life with this exceptional development opportunity at 5421 2 Street E, Claresholm. This prime property offers a unique combination of commercial and residential potential, making it an ideal investment for developers, business owners, and investors alike.The majority of the property is zoned Highway Commercial (C-2), providing endless possibilities for a wide range of permitted uses, including restaurants, cafés, gas stations, hotels, offices, retail businesses, and alternative energy developments. Convenient lot line utility services including electricity, water, cable, and telephone are already available, with sewer and high speed internet services also accessible, making future development straightforward.Adding even greater value, a portion of the property is zoned R-1 Residential and has already received municipal approval for the development of up to five homes. This rare mixed use opportunity allows you to combine residential and commercial development on one property, maximizing its investment potential.Whether you're looking to establish a thriving commercial venture, develop residential housing, or create a mixed use project, this versatile property offers outstanding flexibility in a highly visible location.Please refer to the supplements for zoning details, approved residential development information, and additional photos of the property. (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).
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 2, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.