4114 NY

Whitecourt · MLS® A2314890

1 sq ft lot · Land · Vacant Land · 152 days on market

listed by PAUL CHAUVET, EXIT REALTY RESULTS

realtor's description

Prime R-4 Development Opportunity – High Visibility Commercial/Residential SiteExceptional investment opportunity on a 0.70-acre parcel zoned R-4 Multi-Residential, offering outstanding flexibility for developers and entrepreneurs alike. This high-exposure property is ideally positioned in a busy, high-traffic area with excellent visibility and strong potential for multiple revenue streams.Development & Business PotentialBuild an apartment complex or row housing developmentExcellent location for an RV & boat storage facilityIdeal site for a self-storage businessStrong potential for a pop-up market or retail concept with over 200 nearby residential suites within walking distanceOpportunity for additional signage/advertising revenue thanks to excellent roadside exposureProperty Highlights0.70 acresZoned R-4 Multi-ResidentialHigh vehicle traffic countExcellent visibility and accessMultiple permitted and potential commercial-style usesSurrounded by established residential densityWhether you’re looking to develop multi-family housing, create a storage-based business, or capitalize on the property’s visibility and traffic flow, this parcel offers exceptional upside and versatility.Great location. Strong exposure. Endless potential.

property details

type: Land, Vacant Land
lot: 1 sq ft
parking: 0
property tax: $792 / yr
days on market: 152
MLS®: A2314890

property tax

about $1,469 a year

The asking price times Whitecourt's 2026 residential rate of 9.86 per $1,000 (municipal and education).

The listing shows $792 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

$715/mo

Mortgage $649 · Tax $66

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

estimated payment

$649/ monthly

loan $119,200

25-year amortization

down payment20% · $29,80020%+ 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: $75,554
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,170; down + land title fees
total paid: $194,754

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