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65275 Range Road 114A
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Rural Lac La Biche County · Vacant Land · under $5,950,000. Alerts only send when there are new or meaningfully updated matching homes.
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Located just over two hours north of Edmonton in Lac La Biche County, Elinor Lake offers a peaceful retreat with excellent fishing, boating, and access to nature. Spanning nearly 10 square kilometers, the lake is home to Northern Pike, Walleye, and Perch, and is surrounded by forested terrain ideal for year-round outdooractivities. The ownership group is ready for retirement and offering the following for sale: 115 Acres+ of partially developed lakefront real estate zoned for recreational resort development. 200 Lots rented seasonally with 76% occupancy in 2025 with varying rates based on location and size. 18 Full Service bare land condo lots included that can be sold to a permanent user or leased for additional revenue. Can be used for trailers or develop additional cabins. 3 Cabins with a total of 5 dwellings that can be rented year-round for additional revenue. Limited cabin revenue in 2025 due to management capacity. On site Water and Wastewater treatment plants that currently service 168 bare land condo units as well as various other structures on the property. Facilities were designed to potentially service up to 600 dwellings. Convenience Store with adjacent coin shower/laundry facilities. Boat launch on site with multiple docks and areas for hoists. Proforma net rental income of approximately $495,000 at full capacity in the absence of additional improvements. (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
-6.16%
Cap rate
3.63%
GRM
16.7
Break-even rent
$33,442
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 24, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.