Buying an acreage!
Big City Calgary living isn’t for everyone, some people long to look up at stars instead of city lights. Moving out of a metropolis to areas like Springbank, Bearspaw or Priddis might be next on your bucket list. If so, here are three things we need to look at:
- How many acres are we talking? 5-10 acres is usually easier for a buyer because the mortgage generally qualifies parallel to a regular city home. The minimum down payment will normally be 5% of the purchase price if the property is under $1 Million. Over a million and a minimum down payment will be 20%. Remember that an appraisal will be required in most instances, and a lender will generally only give value for up to 10 acres, the house and garage. "Outbuildings" such as shops, barns, and Quonsets are almost always not included in the value of an appraisal.
- Zoning of the property must comply if we are treating it as a regular residential mortgage vs. agricultural land. "Country Residential" is commonly the zoning for these types of properties. Rural is a larger acreage frequently 40, 80, or 160 acres (160 acres =1/4 section). Agricultural land is for farming use and cannot be financed by normal mortgage companies or banks.
- Septic tanks and wells are typically found on acreages, which means a water potability test must be completed and a septic certificate is required from the municipality to confirm best practice. The lender needs to know that the water is safe. (We can help you with this.)
Keep in mind that income generated from an acreage will not be included to help you qualify for the mortgage. In fact, if a great deal of income is currently being generated by the current owner from such things as mineral rights, or leasing the fields to a farmer, this may raise a flag to lenders who may consider this more like a farm loan or business loan instead which is a completely different process.
We hope this was informative, please contact me anytime if you have any questions.
Direct: 403.850.0669
*Stewart J Lowe is a Guild Member of The Institute of Luxury Home Marketing. This is based on proven sales data and client service in the rural and residential areas around Calgary.
stewartjlowe@gmail.com
Alberta Rural Land For Sale
Rural LandSearch Foothills,Rocky View, Bighorn,Mountain View & Wheatland County Alberta
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W:5 R:3 T:24 S:34 Q:SE in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1039531
W:5 R:3 T:24 S:34 Q:SE Rural Rocky View MD Rural Rocky View County T3Z 2E4 $13,500,000Land- Status:
- Active
- MLS® Num:
- A1039531
Offered for sale for the first time, this continuous 121 + acre parcel is strategically located on the Calgary / Banff corridor. This site is highly exposed to both local and sought after tourist and vacation traffic. Utility services are available and located nearby. More detailsListed by RE/MAX HOUSE OF REAL ESTATE- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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W:5 R:4 T:24 S:29 Q:NE AB-1 in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# C4272105
W:5 R:4 T:24 S:29 Q:NE AB-1 Rural Rocky View MD Rural Rocky View County T3Z 2N2 $9,050,400Land- Status:
- Active
- MLS® Num:
- C4272105
Five full quarters of ranchland in one block and only minutes from the City limits, direct in on the Springbank & Old Banff Coach Road. This un-subdivided land is a rare find, and presents an opportunity as a holding investment. Mobile home in the yardsite on the very south of the property bordering the road is not included in the sale and will be moved upon sale of the land. More detailsListed by HANSEN LAND BROKERS INC.- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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TWP RD 290 WEST OF BOTTREL: Cochrane Land for sale : MLS®# A1051910
TWP RD 290 WEST OF BOTTREL Cochrane Cochrane T4C 1B1 $9,000,000Land- Status:
- Active
- MLS® Num:
- A1051910
COMMERCIAL GRAVEL PIT. Liecensed gravel pit. there has been 25 test holes drilled on the rest of the land with strong results. Water well and power on the properry. cal lister for the MASTER SITE DEVELOPEMENT PLAN. OVER 10 MILLION TONNES OF GRAVEL ON THE SITE More detailsListed by ROYAL LEPAGE BENCHMARK- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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W:5 R:4 T:24 S:32 Q:E in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# C4271981
W:5 R:4 T:24 S:32 Q:E Rural Rocky View MD Rural Rocky View County T3Z 2N2 $8,940,000Land- Status:
- Active
- MLS® Num:
- C4271981
This parcel featuring one mile of Highway #1 frontage is located between Highway #22 and the Jumping Pound Road. Ideally positioned on the North side of the Trans-Canada Highway, to capitalize on the huge volume of traffic utilizing this highway daily. Easterly 80 acre piece is being sold subject to final subdivision approval by Rocky View County. More detailsListed by HANSEN LAND BROKERS INC.- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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111 Westland Street: Okotoks Land for sale : MLS®# C4243563
111 Westland Street Okotoks Okotoks T1S 1A4 $8,720,000Land- Status:
- Active
- MLS® Num:
- C4243563
OVER $3M PRICE REDUCTION!!! Excellent development land on the SW edge of Okotoks. A lot of preliminary planning has been done however Buyer should conduct its own Due Diligence. Nice west sloping property, will lend itself nicely to walkouts, and has outstanding mountain views. Contained within the new West Okotoks Area Structure Plan. More detailsListed by ROYAL LEPAGE SOLUTIONS and ROYAL LEPAGE MISSION REAL ESTATE- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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498 Ave W & Hwy 22: Rural Foothills County Land for sale : MLS®# C4302344
498 Ave W & Hwy 22 Rural Foothills County Rural Foothills County T1S 1A1 $8,275,000Land- Status:
- Active
- MLS® Num:
- C4302344
~OWN ONE OF THE PRETTIEST RANCHES IN SOUTHERN ALBERTA~. In 1918 FJ Hartell set foot on the most beautiful land he had ever seen. From the breathtaking expansive Rocky Mountain views to the nutrient rich grasses and cool mountain stream meandering through the property, FJ had found his home to raise his family. Now covering 1,738 acres (2.72 sections) the historic ranch is home to the native birds and wildlife in Southern Alberta. Moose, deer, Elk and fox wander here amongst the spruce, aspen and willows. In the spring, the hills showcase silvery lupins, shooting stars, wild strawberries, saskatoon's and gooseberries. The land has been this way for centuries and this is how the Hartell's wish it to remain. At inception the ranch raised award winning Suffolk Punch horses. 150 brood mares once grazed this land. Over the years it became a cattle ranch and partnered with the Alberta Oil and Gas industry. Pump jacks and cattle co-exist quietly together. The land is treated with the utmost care and respect. There are 1200 acres ..(see add't remarks) of native grass and approx. 330 acres are currently cultivated. Good producing water wells on the property. The views throughout the property are like none other; stunning. There is one home included with the property. It was built in the 1960's and sits up on a knoll above Tongue Creek. The home is currently rented to a quiet, mature tenant. A historic barn was re-sided in 2020. Revenue in 2019 was $90K +. 40 min to Calgary. Hospital, services and charming town minutes away. ~Click on the movie reel to view a video of the property.~ More detailsListed by CENTURY 21 FOOTHILLS REAL ESTATE- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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160 Acres Range Road 281 Road: Chestermere Land for sale : MLS®# A1041600
160 Acres Range Road 281 Road Chestermere Chestermere T1X 0M5 $7,562,000Land- Status:
- Active
- MLS® Num:
- A1041600
160 Acres located inside the CITY of CHESTERMERE, east of KINNIBURGH, on Range Road 281 south of Highway 1. Lots of development underway in Chestermere, buy now for your future development opportunity. MDP showing primarily future residential development in this area. This 160 acre parcel is available individually or together with adjoining 140 and 53 acre parcels. Chestermere Health Centre and elementary school in neighboring Kinniburgh community. GST applicable. Fenced and gated, viewings by appointment only. More detailsListed by LEGACY REAL ESTATE SERVICES- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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41143 River Heights Drive: Cochrane Land for sale : MLS®# A1042822
41143 River Heights Drive Cochrane Cochrane T4C 2A4 $7,500,000Land- Status:
- Active
- MLS® Num:
- A1042822
Residential development land neighboring the community of River Heights in the growing Town of Cochrane. More detailsListed by CMS REAL ESTATE LTD.- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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240249 Range Road 281 Road: Chestermere Land for sale : MLS®# A1045129
240249 Range Road 281 Road Chestermere Chestermere T1X 0M5 $6,950,000Land- Status:
- Active
- MLS® Num:
- A1045129
140 Acres of development land inside the City of CHESTERMERE, operating as an active farm with 1,532 sq. ft. bungalow and 4,000 sq. ft. shop! Development potential, with residential subdivision of Kinniburgh located immediately to the west. Western Irrigation District rights may also be available. Chestermere Municipal Development Plan is showing primarily future residential development in this area. No ASP currently. Available separately or as a package with either of the adjoining 160 acre and 53 acre parcels. The property contains existing home and outbuildings and provides a great opportunity to obtain individual or large land holding for development within the City of Chestermere. Chestermere Health Centre, elementary school and proposed senior housing are in the neighboring Kinniburgh community. GST applies. Access by appointment only. More detailsListed by LEGACY REAL ESTATE SERVICES- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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RURAL 64 Street NW: High River Land for sale : MLS®# A1034230
RURAL 64 Street NW High River High River T1V 0E2 $6,500,000Land- Status:
- Active
- MLS® Num:
- A1034230
$70,000 Per Acre LAND FOR DEVELOPMENT 92 ACRES OF ANNEXED LAND IN THE NORTHWEST CORNER OF HIGH RIVER / NEXT TO HWY 542 (498 Avenue) HWY #2 A / HWY #2 / 10 MINUTES TO OKOTOKS FOR SHOPPING / 20 MINUTES TO SOUTH CALGARY / APPROVALS IN PLACE ARE AS FOLLOWS A/S/P / (AREA STRUCTURE PLAN) F/S/P (FUNCTIONAL STUDY PLAN) / C/S/A (COST SHARING AGREEMENT) WITH A NEIGHBOURHOOD PLAN ESTABLISHED / PRICED AT $75,000 PER ACRE MAKE FOR A GREAT PARCEL TO DEVELOP / TERMS MAY BE AVAILABLE / MORE INFORMATION AVAILABLE UPON REQUEST More detailsListed by CENTURY 21 FOOTHILLS REAL ESTATE- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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262033 RGE RD 12: Balzac Land for sale : MLS®# C4289013
262033 RGE RD 12 Balzac Balzac T0M 0E0 $6,400,000Land- Status:
- Active
- MLS® Num:
- C4289013
INVESTMENT OPPORTUNITY OF 135.97 ACRES BORDERING THE CITY OF CALGARY. PRICED AT ONLY $47,069 PER ACRE IT IS STRATEGICALLY LOCATED ON THE CORNER OF HIGHWAY 566 (BALZAC HIGHWAY) AND RR 12 ( 1/2 KM EAST OF CENTRE STREET). IT HAS CITY VIEWS AND GREAT ACCESS TO HIGHWAY #2 (2 MINUTE DRIVE). THIS IS A SOLID INVESTMENT OPPORTUNITY FOR RESIDENTIAL OR INDUSTRIAL PROPERTY DEVELOPMENT AS THE LAND IS POISED FOR CALGARY AND AIRDRIE'S FUTURE EXPANSION. THERE ARE AN ADDITIONAL 140 ACRES (1/4 SECTION) TO THE NORTH AVAILABLE IF SEEKING A LARGER DEVELOPMENT SITE. OLDER HOME IS ON THE PROPERTY. THERE IS THE POSSIBLY OF ROCKY VIEW WATER LINE RUNNING ACROSS THE SOUTH PROPERTY BOUNDARY (TBV). More detailsListed by URBAN-REALTY.ca- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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Township Road 264 Range Road 13 in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# C4272708
Township Road 264 Range Road 13 Rural Rocky View MD Rural Rocky View County T4B 2T3 $6,000,000Land- Status:
- Active
- MLS® Num:
- C4272708
145 ACRES FOR YOUR INVESTMENT , RIGHT ON CENTRE STREET , 9 MINUTES AWAY FROM LIVINGSTONE , THIS PARCEL IS SITTING RIGHT ACROSS FROM THE AIRDRIE PROPERTY LINE , GENTLY SLOPING TOWARDS CITY VIEW OF DT CALGARY More detailsListed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)- Stewart J Lowe
- Real Estate Professionals Inc.
- 403.850.0669
- info@calgarydreamhomes.com
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