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Investment signal

$49,500

A Highway 289

Beds

Baths

Sqft

Year

Location

See the block, not just the house.

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About this home

Nice and clean level lot last used as pasture for grazing and riding now available. Lots of room for a single-family home, duplex, or even for subdividing into two roomy building lots; or use it as your own hayfield, horse run or pasture land. Less than 15-minutes to Hwy 102 makes it an ideal spot for rural living with easy access to the fast lane. Put in a driveway and you could have your new home built before school starts, or your manufactured home placed there before summer! (id:65958)

Subtype
Vacant Land
Community
Middle Stewiacke
Common interest
Freehold
Lot size
2.5 acres
Lot dimensions
2.498
On market
Apr 8, 2026
Status changed
Apr 19, 2026
Photos
3
MLS#
202606612
Area
MIDDLE_STEWIACKE

Features and systems

Parking

None

Lot

Level lot
Positive cash flow ~$1,872/mo at these assumptions

Cash on cash

226.97%

Cap rate

51.28%

GRM

1.7

Break-even rent

$429

Financing

Down payment$9,900
Loan amount$39,600
Mortgage$243/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$23
Insurance$80
Maintenance$41
CapEx reserve$21
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Middle Stewiacke. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $243/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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