4700-50 Street

Legal · MLS® 44604716

3,833,280 sq ft · 3,484,800 sq ft lot · Land · Vacant Land · 204 days on market

listed by Nicholas Golden, RE/MAX Professionals

realtor's description

This stunning 88.02-acre parcel offers a rare opportunity to own untouched land with a creek and ravine running through it. The property features top-quality soil, rich in black earth, making it ideal for producing high-yield, award-winning crops.Located on a paved road, with access at the south end of Legal, this land is well-suited for farming while also offering strong future development potential. It is currently zoned Urban Reserve.The landscape includes mature trees and several excellent building sites, giving you flexibility for a range of uses.

property details

type: Land, Vacant Land
living area: 3,833,280 sq ft
lot: 3,484,800 sq ft
parking: 0
days on market: 204
MLS®: 44604716

property tax

about $8,816 a year

The asking price times Legal's 2026 residential rate of 11.02 per $1,000 (municipal and education).

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

$3,486/mo

Mortgage $3,486

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$3,486/ monthly

loan $640,000

25-year amortization

down payment20% · $160,00020%+ 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: $405,657
land title fees: $1,540; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $161,540; down + land title fees
total paid: $1,045,657

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