38215 Range Road 264, Rural Red Deer County


3 Beds
4 Baths
2,488 Sqft
24x30 Garage Size

Opportunity knocks! This unique property offers the opportunity for multiple revenue streams. Land rent, surface lease revenue, radio tower site revenue, rent the shop, rent the home, build another business opportunity... its all there. Located just 3 miles east of Red Deer, this 233 acre parcel fronts onto highway 11 and paved Twp Rd 382. Gigantic bungalow has had flooring and paint updates, offers a totally efficient and unique forced air fan coil heating system. Multiple valuable out buildings. Big shop is 50x120 and has a 43x50 insulated, concrete floored, heated workshop, a 20x50 office/storage/parts area with 2 bathrooms and a 47x50 cold storage area. There is a 40x100 open ended arch rib steel quonset, a 24x41 heated (propane) garage with concrete floor, a 32x48 propane heated barn with dirt floor and a 22x24 open garage (dirt floor). There is 220 power available by the grain bins. Two power meters, one for house and shop and one for 24x41 garage and grain bins. Surface revenue $8600 from oil lease and $5250 from tower (annually). Tower lease is currently up for renewal. Two water wells on site, one for home, one for shop/corrals. Septic field located in west lawn...2 separate tanks (house and shop) both connected to one field. With an entrepreneurial spirit this property will generate a good return on investment. Seller has NOT resided on the property in years, as such all items are sold "as is". The seller makes no warranties or representations.

Essential Information
MLS® #CA0175533
Full Baths3
Half Baths1
Square Footage2,488
Year Built1979
Sub-TypeFarm Land & Buildings
Community Information
Address38215 Range Road 264
CityRural Red Deer County
CountyRed Deer County
Postal CodeT4E 0Y8
ParkingGarage - Detached

Electricity, High Speed Internet, Natural Gas, Power - Metered, Power - Single Phase, Septic System

Interior Features

Air Conditioning - Central, Bar - Dry, Central Vacuum, Ensuite, Fireplace(s)/Woodstove(s), Intercom, Laundry - Main Floor


Forced Air/Hot Water, In-Floor Hot Water

RoofShingle - Asphalt
FoundationConcrete, Partly Finished

Frame - Wood, Shingles, Siding, Steel, Vinyl

Additional Information
Listing Details
OfficeCentury 21 Advantage

Get directions to this property:

Properties for Sale Similar to 38215 Range Road 264, Rural Red Deer County, AB

Photo of Listing #CA0171432

37506 Range Road 265, Rural Red Deer County

$1,500,000 - 5 Beds, 3 Baths, 1,768 Sf

MLS® # CA0171432

RE/MAX real estate central alberta

The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.

The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.