242069 Vale View Road
Rural Rocky View County, Alberta
MLS® A2353865
$1,799,000
- Status
- Active
- Property type
- House
- MLS® number
- A2353865
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1987
1 / 26Listing description
Offering 151. 21 acres of strategically positioned land on the north side of Highway 1, between Chestermere and Wheatland County, this property presents an opportunity to secure a substantial land holding in one of the key growth corridors east of Calgary. Located between the Trans-Canada Highway and the CNR rail line, with access via Vale View Road, the property is well situated for investors and land bankers looking toward the region’s continued industrial and commercial growth.
Existing lease agreements provide reported annual income of $49,707. 40, offering revenue while the property remains in agricultural use. Income sources include $38,400 annually from the residential lease, $6,300 from the crop lease, $3,095.
40 from AltaLink, and $1,912 from Ember. Currently used for agricultural purposes, the land comprises a mix of cultivated fields and grazing areas, with predominantly Class 2 soil. The surrounding area continues to attract major investment, including the De Havilland Canada manufacturing plant development and expanding industrial activity in neighboring Wheatland County, adding to the long-term interest in this strategic location.
This property includes a two-story residence with approximately 2,431 sq. ft. of developed space, a double detached garage, and a steel Quonset.
The same tenant has resided in the property for over 10 years and it needs a considerable amount of work. The property is being offered for land value only, and all existing structures are being sold AS IS, with no value attributed to the buildings. Services are available to the property, and its location provides convenient connectivity to Calgary, Chestermere, Langdon, Strathmore, Highway 1, and major regional transportation routes.
Whether you are looking to acquire income-generating agricultural land, secure a long-term land holding, or explore future opportunities in a growing commercial and industrial corridor, this 151. 21-acre property offers scale, accessibility, and existing re venue in a strategic location. IMPORTANT: Property is being sold for land value only.
A tenant currently occupies the property. Do not enter the property or approach the residence without a confirmed appointment. All viewings must be have a minimum 24 hrs notice.
Property summary
- MLS® number
- A2353865
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,431 sq ft
- Title
- Freehold
- Land size
- 151.21 acres
- Built in
- 1987
- Annual property taxes
- $3,677.00
- Parking
- 10 spaces · Detached Garage, Other, RV, Gravel
- Days on market
- 15 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- Partially finished, Full
- Flooring
- Laminate, Carpeted, Ceramic Tile
- Appliances
- None
- Exterior features
- Stone, Vinyl siding
What would this home cost you?
Based on the $1,799,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Benchmark, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.