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Reduced $100,000 (10%) from $969,900
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Spiritwood Rm No. 496 · Agriculture · under $950,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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pt S1/2 of 09-49-08-W3
Looking for a half section to get started farming, upgrading your hobby farm, or a sizeable acreage with rental income? This half section has 290 acres of pasture, permanent water source, and well producing cultivated acres (Soil Class G&H). The home was built in 1990 and features a spacious, open concept main floor with 2 bedrooms, 2 full bathrooms (one is an ensuite), and main floor laundry. The basement is mostly finished with a large family room, office, bedroom, half bath (roughed in for full), a utility room and storage room. There is direct access to the basement from the attached garage (24x30). The home is move in ready and can accommodate quick possession. The cultivated acres are currently rented for the 2026 crop season (Buyer to honour that lease), the pasture will also be rented later in the season - pending sale status. The yard site has a private well and lagoon septic, the barnyard has a second well, a barn, and workshop. There is an arch rib quonset, the corral system is nicely set up and there is a silage pit and grain storage on the property as well. This property is a must see - quiet location with an easy short drive off the highway. School bus does service this area to Spiritwood. Any applicable GST is responsibility of the Buyer. Reach out to set up a showing and to get more info on this lovely home! (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
-6.62%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,360
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.
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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 Jul 2, 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.