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Lac La Biche · Vacant Land · under $175,000. Alerts only send when there are new or meaningfully updated matching homes.
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This 1-acre parcel in the heart of Lac La Biche is a prime opportunity for your next multi-family residential project., or a larger lot with single family residence. Perfectly suited for row housing or townhomes. The land is located just minutes from schools, Portage College, the hospital, government office buildings, parks, an amazing recreational center with a new pool being constructed, the public library, and downtown core.The property is level and clear, with only a few mature trees that could be incorporated into your landscaping plans. It's bordered by a sidewalk on one side, a back alley, and offers convenient access to utilities at the property line, making it easy to prepare for construction.Back-alley access provides additional parking options, while the surrounding area features a mix of residential apartments, single-family homes, and commercial properties. Lac La Biche is a growing community with a rich offering of services, recreational opportunities, and new developments—including franchise businesses and enhanced amenities on the horizon.This well-priced parcel is a blank canvas, ready to bring your vision to life in a vibrant and dynamic neighborhood! (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
53.43%
Cap rate
15.55%
GRM
5.2
Break-even rent
$994
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 Oct 27, 2025.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lac La Biche. The listing facts above are live.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.