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$1,799,000 Sale
Listed 15 hours ago
242069 Vale View Road
· 3
· 1.5
· 10
· 2431
Key Facts
Key facts for 242069 Vale View Road
Property Type
House
Parking
Garage: Yes, 10 parking
MLS #
A2353865
Size
2431 sqft
Basement
Partially finished, Full (Partially finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1987
Maintenance Fee
-
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. (id:10452)
Room Types
2pc Bathroom
-
Measurements not available
0 sqft
4pc Bathroom
-
Dimensions .00 Ft x .00 Ft
0 sqft
Bedroom
-
Dimensions 10.00 Ft x 10.00 Ft
100 sqft
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Listing courtesy of: Royal LePage Benchmark
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