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Innisfail · Vacant Land · under $1,625,000. Alerts only send when there are new or meaningfully updated matching homes.
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Prime 22-acre development opportunity in Innisfail, Alberta, ideally located within town limits on Highway 42 and directly across from the 27 hole Innisfail Golf Course, offering exceptional exposure, access, and long-term upside. Zoned R-1 and R-2, this parcel presents strong potential for residential subdivision development including single-family homes, entry-level housing, or phased community builds, while also appealing to builders and multi-family developers seeking townhouse, duplex, or low-density multi-family opportunities (subject to municipal approval). Positioned in a growing Central Alberta market along the QEII corridor between Calgary and Edmonton, this property is well-suited for developers, builders, and investors looking to scale projects, diversify product types, and maximize returns. With proximity to established neighborhoods, schools, parks, and amenities, this is a rare chance to secure a high-demand development site and capitalize on Innisfail’s continued population growth and housing demand. Set in the welcoming town of Innisfail, known for its strong sense of community, excellent schools, and abundant recreation, this property also benefits from its location along Highway 42—one of the area’s main arteries. The steady flow of traffic and convenient access enhance both lifestyle appeal and future development potential, creating an ideal balance between small-town charm and strategic connectivity. (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
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,182
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 Apr 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.