3 McKenzie Drive

1 / 12

$3,500,000

3 McKenzie Drive

Gasoline Alley, Rural Red Deer County · MLS® A2259105

9 sq ft lot · Land · Vacant Land · 397 days on market

listed by Andrew McWilliam, Maxwell Real Estate Solutions Ltd.

realtor's description

Beautiful lot located in a hot spot of Central Alberta, Gasoline Alley facing McKenzie Drive. 8.93 Acres available for sale immediately. Land comes with 3200 sqft shop 40x80 with long term tenant in place covering property taxes. Businesses in the area include car dealership, physician, appliance retail, movie theater, accounting firms, insurance agents, grocery, food services,. A great opportunity to open a business in this thriving area.

property details

type: Land, Vacant Land
lot: 9 sq ft
parking: 0
property tax: $47,272 / yr
days on market: 397
MLS®: A2259105

monthly cost

$19,188/mo

Mortgage $15,249 · Tax $3,939

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

estimated payment

$15,249/ monthly

loan $2,800,000

25-year amortization

down payment20% · $700,00020%+ 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: $1,774,749
land title fees: $6,400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $706,400; down + land title fees
total paid: $4,574,749

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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

similar homes nearby

3 McKenzie Drive

1 / 12

$3,500,000

3 McKenzie Drive

Gasoline Alley, Rural Red Deer County · MLS® A2259105

9 sq ft lot · Land · Vacant Land · 397 days on market

listed by Andrew McWilliam, Maxwell Real Estate Solutions Ltd.

realtor's description

property details

type: Land, Vacant Land
lot: 9 sq ft
parking: 0
property tax: $47,272 / yr
days on market: 397
MLS®: A2259105

property tax

about $24,818 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 $47,272 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

$19,188/mo

Mortgage $15,249 · Tax $3,939

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

estimated payment

$15,249/ monthly

loan $2,800,000

25-year amortization

total interest: $1,774,749
land title fees: $6,400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $706,400; down + land title fees
total paid: $4,574,749

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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.