28532 Highway 587

Rural Red Deer County · MLS® A2344032

1,200 sq ft · 5 sq ft lot · House · Single Family · 44 days on market

listed by Andrew Russell, RE/MAX real estate central alberta

realtor's description

Court ordered sale. 4.8 acres on pavement just 3 minutes from Bowden, 8 minutes from Innisfail, and 25 minutes from Red Deer. Property is private with no immediate neighbours in view and the land is nicely treed and with varying terrain. Existing farmhouse has received several additions over the years and actual age is unknown. Property offers a large entry and living room on the main level, and a few stairs lead up into the kitchen and eating area. There is a large master bedroom at the rear of the home with a walk in closet, 2nd bedroom, and a 4 pce bath. Home is old and needs substantial work and renovations. The land is fenced and has a fenced in pasture area just adjacent to the house site.

property details

type: House, Single Family
bedrooms: 1
bathrooms: 1
living area: 1,200 sq ft
lot: 5 sq ft
parking: 0
property tax: $2,890 / yr
days on market: 44
MLS®: A2344032

features

Treed
See remarks
No neighbours behind
None

property tax

about $2,765 a year

The asking price times Red Deer County's 2026 residential rate of 7.09 per $1,000 (municipal and education).

The listing shows $2,890 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,940/mo

Mortgage $1,699 · Tax $241

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,699/ monthly

loan $312,000

25-year amortization

down payment20% · $78,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $197,758
land title fees: $805; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $78,805; down + land title fees
total paid: $509,758

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.