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Sundre · Vacant Land · under $600,000. Alerts only send when there are new or meaningfully updated matching homes.
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AN EXTRAORDINARY OPPORTUNITY AWAITS VISIONARY DEVELOPERS on the southwest edge of Sundre, Alberta. This expansive 15.05-acre parcel offers an exceptional combination of size, location, and potential — making it one of the most promising residential development sites in Central Alberta. Currently zoned R2 (Residential Medium Density), the property allows for both single-family and multifamily dwellings, and the Town of Sundre is open to exploring alternative zoning options to accommodate innovative community planning concepts. With direct access to full municipal services—including water, sanitary sewer, and natural gas—this land is ready for progress. Situated outside the floodplain and flood fringe, this property offers peace of mind and a solid foundation for long-term investment. Sundre is a thriving, full-service community nestled at the gateway to Alberta’s spectacular West Country, located just north of Calgary and south of Red Deer. With growing demand for residential housing and limited serviced land available, this is the ideal time to capitalize on Sundre’s expansion and become part of its next chapter of growth. Whether your vision includes a master-planned community, mixed-use residential development, or phased housing project, this property presents the scale and location to make it a reality. Don’t miss this rare opportunity to develop one of the most strategically positioned parcels in Sundre. (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
-6.94%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,420
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 Jun 26, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.